The chickens come home to roost: from 2008 through 2013, HUD increased the FHA’s annual mortgage insurance premium five times.

David Steckel of Bank of America said his institution has focused on capturing more of the customers who fit into the company’s credit box rather than making that box bigger.

We even heard one report that a non-QM firm is contemplating an initial public offering. It sounds crazy, we know…Meanwhile, it appears the states want a say in MSR transfers...

However, there was some good news. Flagstar reported residential originations of $7.19 billion, a 21 percent gain from 2Q.

The new jumbo security from JPMorgan Chase is scheduled to be issued on Oct. 30.

At press time, the firm’s share price was getting crushed, down 25 percent on the day to a new 52-week low of $19.89.

After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…

Under the CFPB’s new rule, financial institutions will be able to post privacy notices online instead of distributing an annual paper copy.

HUD's Castro noted that the VA program limits its loan guarantee to a maximum of 25 percent, leaving many lenders exposed and reluctant to offer VA-guaranteed loans.

One mortgage executive added: “Watt is trying to do the right thing, but I’m not sure he will get there. It’s good to see the government admit that the pendulum went too far.”