Thomas Hoenig, vice chairman of the FDIC, said he is particularly interested in exploring the downpayment issue further. Securities investors are also likely to push for downpayment requirements for QRMs.

In May, Sen. Bill Nelson, D-FL, flagged the disturbing consumer credit reporting practice of lumping a short sale within the same industry code as a foreclosure in consumer credit reports.

The collateral backing the new Redwood bond is exclusively 30-year fixed-rate loans without interest-only terms.

Just one nonbank, PHH Mortgage, ranked among the top ten originators of jumbo loans in the first-half. Guaranteed Rate ranked 12th and Quicken 16th.

The trend toward private MI is likely to continue in anticipation of the FHA Solvency Act of 2013, which is awaiting action on the Senate floor.

A housing lobbyist added that, “Right now it’s a matter of timing. Will in come in October or a little later than that?”

The FDIC will raise the question of a 30 percent downpayment but don't expect to see it in the final QRM rule.

It appears that mortgage bankers are beginning to liberalize, somewhat, the credit scores they're willing to accept on FHA loans.

EverBank also will evaluate each eligible borrower still in the process of foreclosure for a new loan modification.

The former Encore Mortgage executive said he will concentrate on lower FICO score lending, in particular what he calls the “B&C” market.