The goal is to stop a tidal wave of housing-related financial damage that might potentially destroy the social fabric of the nation.

Fannie and Freddie said residential borrowers are expected to contact their servicer to set up forbearance plan.

And therein lies a chief fear for the mortgage industry: as the economic damage caused by the spreading coronavirus piles up, will nonbank Ginnie issuers have enough liquidity to make those payments in the months ahead?

It would appear that Calabria, who took charge a little over a year ago, hasn’t made much progress in the matter.

The Trump administration has not only proposed extending the existing g-fee surcharge, but recommends doubling it. Not to be outdone, both Democratic presidential candidates, former Vice-President Joe Biden and Sen. Bernie Sanders, D-VT, also support raising g-fees.

The top two agency MBS issuers in February? Answer: Nonbanks Quicken Loans and PennyMac…

Is there any hope for GSE common?

Wells Fargo: “Like everyone, we are seeing an increase in mortgage application volume driven by lower rates. In order to help provide the best possible service to our customers, we continue to hire underwriters, processors and closers..."

Many analysts anticipated that the implementation of CECL would balloon the loan loss reserves of the GSEs...

Would-be competitors for Fair, Isaac and Company, which owns the FICO models, are going to have to shell out a $200,000 application fee.