Even though mortgage applications are beginning to wane, competition for loan officers remains strong with certain growth-minded nonbanks aggressively courting high performers from such places as Bank of America, SunTrust and Wells Fargo, according to interviews conducted by Inside Mortgage Finance over the past few weeks.

Financial trade groups are backing bipartisan legislation introduced in the House that would modify the definition of points and fees in the Dodd-Frank Act ability-to-repay and “qualified mort-gage” provisions. Introduced by Rep. Bill Huizenga, R-MI, and backed by seven bipartisan cosponsors, H.R. 1077, the Consumer Mortgage Choice Act, would amend the DFA’s points-and-fees definition to avoid shutting out low and moderate-income borrowers from the QM market.

Last summer, the Office of the Comptroller of the Currency issued an advisory concerning warehouse lines of credit that was all but ignored by most players in the market. That is, until now. In a research note, Keefe, Bruyette & Woods said the “new” OCC rules could force Texas Capi-tal Bank to increase the risk weighting of its warehouse lines to 100 percent, from its current designa-tion of 37 percent.

Look for Fannie Mae and Freddie Mac to continue to increase their guaranty fees, but the current level of g-fees is approaching “striking distance” of the threshold expected in a competitive private market, the head of the Federal Housing Finance Agency told lawmakers this week.Testifying before the House Financial Services Committee, FHFA Acting Director Edward De-Marco said last year’s two 10 basis point g-fee increases raised the average fee to around 50 bps, double where they were when the GSEs were put in conservatorship in September 2008.

Last week, nine Democrat state attorneys general, led by New York AG Eric Schneiderman and Massachusetts’ Martha Coakley, called for the Obama administration to nominate a permanent re-placement for Federal Housing Finance Agency Acting Director Edward DeMarco.Under DeMarco’s leadership, the AGs say, Fannie Mae and Freddie Mac remain “an obstacle to progress” primarily by the FHFA’s refusal to allow the two government-sponsored enterprises to offer principal reduction assistance to troubled borrowers.

The forlorn home-equity lending market remained at record lows in new production despite growing signs of improvement in the housing market, a new Inside Mortgage Finance analysis and ranking reveals.Mortgage lenders originated a record low of just $44.0 billion in home-equity loans last year, down 12.0 percent from 2011. Although total home-equity lending was down, credit unions reported a 5.4 percent increase in their annual originations compared to 2011. (Includes two data charts)

The Obama administration is employing multiple defenses to try to stave off an expected legal determination that the president’s controversial recess appointment of Richard Cordray as director of the Consumer Financial Protection Bureau is unconstitutional.Last week, the National Labor Relations Board announced it will not seek en banc rehearing in Noel Canning v. NLRB, in which the U.S. Court of Appeals for the District of Columbia Circuit af-firmed that the Jan. 4, 2012, recess appointments of three members to the board were unconstitutional.

Can Fannie Mae and Freddie Mac capture $93 billion in deferred tax assets - money that ultimately will flow through to the U.S. Treasury?

Stable interest rates are making refinancing less attractive to the newest mortgage borrowers, which should keep prepayment rates very low.

The share of cash purchases of homes increased for five consecutive months, hitting 32.3 percent in February, based on the three-month moving average.