However, FHFA made it clear the agency is not cancelling the new fee, which it says is intended to help Fannie and Freddie defray the costs associated with COVID-19 relief. The agency says those actions have conservatively cost the enterprises $6 billion...

NAR also recommends eliminating the steep 500 to 700-basis-points fee on GSE forbearance loans...

The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.

In a new filing with the SEC, Mr. Cooper disclosed that after accounting for a modest increase in the value of its mortgage servicing rights, the new GSE LLPA will reduce the value of the loans in its pipeline by approximately $20 million...

The best the industry can hope for is a delay in the Sept. 1 implementation date, some believe...

Most of the gain was in agency mortgage securities, which rose $82.6 billion to $2.148 trillion...

Higher rates because of the new GSE refi LLPA? That's not how Freddie CEO David Brickman sees it...

The senators said they find it distressing that such a large fee would be introduced “with no consultation with Congress and no notice to external stakeholders.”

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)