Despite soaring profits, Fannie and Freddie continue to levy a 50-basis-point fee on nearly all refis to pay for the cost of COVID-19.

States hope to finalize standards for nonbank servicers despite strong opposition from industry participants. Details are still being ironed out, and implementation remains a concern.

A number of groups representing lenders and consumer advocates said the CFPB should abandon an effort to extend the QM patch beyond July 1. The regulator also faces hurdles involving the GSEs and federal rulemaking requirements.