According to the MBA, a Big Four accounting firm issued controversial guidance which would have been burdensome for small MBS issuers.

NewDay's chairman emeritus is former Ginnie Mae president Joe Murin.

Among all lenders, Quicken Loans led the pack with $6.67 billion of production, a 27 percent drop from the prior year.

"My understanding is that FHA is planning on releasing supplemental performance metrics to ‘Neighborhood Watch’ to reduce reliance and focus on just a lender’s compare ratio," said Tim Rood.

The MountainView package is top heavy with California product. The identity of the seller was not provided.

Marina Walsh, vice president of industry analysis for MBA, said, “We don’t have enough information to do a thorough analysis of the proposal.”

Treasury counselor Michael Stegman noted that policymakers on both sides of the aisle are dissatisfied with the current status quo regarding Fannie Mae and Freddie Mac.

A proposal from FHA could see the light of day within six weeks, some have speculated.

OIG Expects to Finish Nine Audits, Evaluations of the CFPB This Quarter. The CFPB’s Office of Inspector General has a batch of ongoing projects related to the bureau that it expects to complete sometime during the first quarter, according to the OIG’s latest work plan, released early this week.Among the projects are audits of the CFPB’s contract management process, its diversity and inclusion processes, and it headquarters renovation project. Other projects with a first quarter 2015 completion timeframe are audits of the CFPB’s public consumer complaint database, the bureau’s space-planning activities, and the CFPB’s Tableau system, an application used to develop, publish, and view business intelligence data. Also up for completion this quarter is an evaluation of the CFPB’s ...

The Federal Reserve’s opinion survey of senior loan officers has grown in scope to include some new mortgage categories, including qualified mortgage underwriting and non-QM underwriting. In brief, the Fed found that underwriting is easing slightly as demand slips modestly. “The January 2015 survey revised and expanded the residential mortgage loan categories to reflect the CFPB’s qualified mortgage rules and provide additional detail on important developments in the residential mortgage market both now and in the future,” the survey said. In particular, the survey included the following seven mutually exclusive categories of residential home-purchase mortgage loans: government-sponsored enterprise-eligible residential mortgages; government residential mortgages; QM non-jumbo, non-GSE-eligible residential mortgages; QM jumbo residential mortgages; non-QM jumbo residential mortgages; non-QM non-jumbo residential mortgages ...