Mortgage lenders and real estate agents called for further clarifications of an inter-agency proposed regulation that would mandate escrowing of all premiums and fees for flood insurance for most residential mortgages and mobile homes, with some exceptions, after Jan. 1, 2016. While supportive of the regulation, industry groups urged the Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., Federal Reserve Board, National Credit Union Administration and the Farm Credit Administration to proceed cautiously and ensure flood insurance remains affordable and available to consumers. The proposed rule covers...

Molly Boesel, a senior economist at CoreLogic, said mortgages originated in the past four years are among the most pristine loans made in the past two decades.

“Auctions would determine the market prices of those guarantees and allocate them to the lenders who most valued them,” the CBO said.

Elsewhere, Batkins projects compliance with all of the CFPB's 2014 regulations to cost the financial services industry $2.1 billion.

The National Association of Realtors recently estimated that in 2014, nearly 234,000 creditworthy borrowers were priced out of the housing market because of high FHA insurance premiums.

On an annualized basis, Ocwen Financial is still profitable and has a price-to-earnings ratio of 10.

Of course, we’re waiting to see what Republicans on Capitol Hill think of a cut in FHA premiums…

MBA's Stevens believes that making a change in the PSPAs would not go over very well in a Republican-controlled House and Senate.

Potential actions by regulators also give non-agency MBS investors cause for concern.

Anderman took Ellie Mae public in 2011. The company now has a market cap north of $1.1 billion.