In the wake of large losses and insurance claim discrepancies stemming from the financial crisis, the government-sponsored enterprises and mortgage lenders are set to reap the benefits of new private mortgage insurer standards that formally take effect Jan. 1, 2016. Much tighter MI underwriting, coupled with improved insurer due diligence and stringent capital requirements, will improve claim payouts on defaulted loans, according to a recent report by Moody’s Investors Service, adding that policies written under updated GSE requirements will result in lower losses on the GSEs’ risk-sharing transactions and master insurance policies. The updated requirements for master policies give...

Sources have identified Caliber Home Loans and Skyline Lending as possible acquirers of branches.

The trade group quickly found a villain for the ugly reading: the Oct. 3, 2015, effective date of the CFPB’s TRID rule.

As one JPM competitor noted: “It’s no surprise that correspondent led the way for them. They own the correspondent jumbo market.”

In 3Q, BofA funded $13.71 billion of first liens, a 14 percent sequential decline. All of it came through the retail channel.

Bank of America said it will discontinue all “space rental agreement programs due to recent regulatory developments.”

According to a rate sheet, the minimum loan amount on the rental properties is $250,000 while the minimum number of properties is five...

The PSPA has been challenged in court by investors that are speculating in the common and preferred stock of the two GSEs.

Bank returns on mortgage activities turned sharply negative during the recession of 2007 through 2009 before rebounding and becoming consistently positive by early 2011.

Meanwhile, it would appear that the revolving door for mortgage CEOs might be taking another spin soon...