The agency specifies that a two-year testing period would be the norm.

Three nonbank lenders, all owned by PE firms, are key contributors to the deal…

Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…

One manager criticized number-two ranked warehouse provider Texas Capital for the discounts the bank is offering, calling it “the talk of the warehouse community.”

Two new members of the consumer panel come from the fintech world: Sameh Elamawy, CEO of Scratch, and Manning Field, CEO of Acorns.

The CFPB should drop the current debt-to-income ratio cap and the so-called GSE patch from the qualified-mortgage definition, the Urban Institute recommends. The CFPB is required by statute to review the ability-to-repay rule, which includes the QM definition, and issue a final report on its findings by Jan. 10, 2019. One of the most important elements of the review could be the fate of the “GSE patch,” which is set to expire in January 2021, or on the day ...

It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…

If all goes well, the net proceeds will total $20.25 million.

Then again, maybe needing a CEO is overblown. James Fenkner, a GSE shareholder, told Inside Mortgage Finance: “It is not that the CEOs are paid too little…”

The refi surge may be attributable to more cash-out transactions.