An estimated $95.9 billion of mortgages bigger than the traditional agency loan limit were produced during the first quarter of 2015, a new Inside Mortgage Finance analysis reveals. Jumbo production – all single-unit mortgages with loan amounts exceeding $417,000 – was up 7.9 percent from the fourth quarter. That was slightly off the pace set in overall mortgage originations, which rose 12.9 percent from the previous quarter. Conforming-jumbo production was...[Includes three data tables]

The face-saving mechanism in the CFPB's announcement was a claim to the discovery of a legal glitch.

VantageScore suggested that lending to "upsiders" and "minimalists" can be accomplished without increasing default risk.

The FOMC said it will increase rates when it sees further improvement in the labor market and inflation looks to be under control.

Higher interest rates prompted declines in applications for both refinances and purchase mortgages.

The revised consent orders include limitations on the acquisition of mortgage servicing rights outside of the banks' own originations and limitations on outsourcing servicing functions.

Fannie’s repurchase volume fell 45.8 percent from the previous quarter while Freddie’s was down just 1.3 percent.

The lender had $1.69 billion in mortgage originations in 2014, according to estimates by Inside Mortgage Finance.

Some industry participants are concerned that they’ll have to contend with new disclosure-related compliance overlays from secondary market investors.

Industry Groups Urge Restructuring of CFPB. Wading into risky political territory, a number of industry groups last week urged Congress to support H.R. 1266, legislation that would revamp the governing structure of the CFPB. Submitting a statement for the record to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, the industry groups said consumers and the industry would be better served by changing the CFPB governance structure from a single director to a bipartisan five-person commission as used by other federal agencies. “The CFPB has tremendous authority to supervise a multi-trillion dollar industry, which as we have learned, can have incredible ramifications on our economy,” the statement said. “As such, it is imperative the CFPB remain stable ...