The Seila Law decision carries significance for mortgage finance in two specific ways: (1) the effort to revise the Qualified Mortgage (QM) rule in order to end the patch; and (2) the FHFA's governance structure." (The overseer of Freddie and Fannie is similar in structure to the CFPB.) Capital Markets Ginnie Mae announced sent All Participants Memorandum 20-07 ( APM 20-07 ) that immediately implements pooling eligibility restrictions on re-performing mortgage loans that were bought out of Ginnie Mae pools. This temporary action continues to provide for buyout transactions that are appropriate and necessary, while maintaining market confidence in Ginnie Mae securities. The main topic of conversation over the last week is the rising number new positive coronavirus confirmations that have taken place since many social restrictions were lifted. This offset the positive news that resulted from the increase in economy activity following forced business closures amid the initial outbreak this past spring.