MBA's Mike Fratantoni: “The share of Ginnie Mae loans in forbearance increased again ... as the current economic crisis continues to disproportionately impact borrowers with FHA and VA loans."

Fannie Mae, for one, believes the proposal could prompt a 20 bp increase in g-fees.

That leaves the supervision of these cloud contractors up to Fannie and Freddie themselves.

With four months still to go, 2020 already ranks as the second-highest year ever for Fannie/Freddie single-family business.

If the LLPA is passed to consumers as a charge at consummation, lenders will have to disclose the added cost as an “origination charge” on the loan estimate and closing disclosure.

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...

Fannie and Freddie warn that g-fees could spike...

In the case of the GSEs, multifamily loans are not covered by the extension...

Assuming an average prevailing interest rate of 2.99%, Fannie Mae estimates that 64% of all mortgages are at least 50 basis points "in the money."

But there’s something else to think about here. Let’s say Democrat Joe Biden (DE) wins the White House in November. After being sworn into office, will he act swiftly to dismantle this very controversial loan-level private adjustment?...