Many left-leaning politicians have complained that Wall Street executives got off the hook for the financial crisis...

Roughly $24.0 billion of home-equity lines-of-credit and second mortgages were originated during 2Q, up 23.1 percent from the first three months of the year.

Former Fannie executive Tim Rood, now chairman and founder of the Collingwood Group, said "the current posture by the administration is pretty indefensible.”

At mid year 2015, PennyMac was the nation’s 12th largest servicer, according to a ranking from Inside Mortgage Finance.

All issuers must comply with the revised requirements, which take effect immediately, in order to remain an eligible participant in the Ginnie Mae program.

It is unclear how many developments have expired approvals but the number could be significant, Shrum said.

Coester filed suit against the Virginia Real Estate Appraiser Board, charging that the regulator is engaged in “a conspiracy to restrain and monopolize trade” and is operating in violation of antitrust laws.

Warehouse executives seem optimistic about the immediate outlook for the sector, though some expressed concern how a wave of M&A activity has reduced the number of potential clients.

UST did not identify the mortgage firm selling the product, but described it as “well capitalized” and in “good standing” with Ginnie Mae.

The CFPB’s QM standards currently don’t differ for loans held in portfolio or sold to other outlets.