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.

Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...

A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...

“There’s a lot of 60- and 70-year old mortgage managers out there.”

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.

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

MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”