Extending the GSE patch until six months after the new QM rule goes into effect would give market participants adequate time to prepare, and minimize the number of loans impacted by the change.

The bright spot in the FHLBanks’ earnings report was net interest income, which climbed to $1.25 billion 2Q20, a 36.4% sequential increase, despite the fact that advances declined by almost 31%. (Includes data chart.)

The deadline, already extended once by the Federal Housing Finance Agency, is unlikely to get another extension.

Tenants must be informed that, even after the moratorium on evictions ends, the landlord must still give them at least a 30-day notice to vacate.

The offering followed close on the heels of three K-deals announced the previous week.

In 2008, there were 49 depositories with at least 51% Black ownership. By the first quarter of 2020, that number had fallen to just 21.

A new 50-basis-point fee on GSE refis caught the mortgage industry off guard this week. A big deal or much ado about nothing? Either way, lenders are not happy.

Fannie so far has issued $122.23 billion in long-term notes in 2020. That’s almost six times more than in 2019 and more than it issued the past three years combined.

The HOPE Act seeks to create a liquidity facility for commercial MBS borrowers who weren’t eligible for PPP or MSLP. The bill suggests financial institutions originate Treasury-guaranteed preferred equity instruments to qualified borrowers.