While the report doesn’t mention FHFA Acting Director Edward DeMarco by name, it's a clear repudiation of his stewardship of the agency.

Can Ellie Mae get a deal done with residential originations expected to slow in 2014?

Paul Rozo, who runs PRMG, told us that he is not a big fan of call centers and that every LO in his organization is a “hunter,” a sales person “who relies on referral business and/or handling their own marketing."

Many mortgage originators and aggregators say they would use some form of recording, either audio or audio/video, to help with QM compliance and fighting potential lawsuits.

Freedom Mortgage chief Stan Middleman sees a "vacuum" in the mortgage market caused by retreating commercial banks.

According to Alice Alvey of Indecomm Mortgage U, “many shops are reassessing originator comp plans for January 2014 to adjust to the changing margins and seize the opportunity to blame it on the change in the law."

There was no surprise about why. Fannie Mae, Freddie Mac and Ginnie Mae securitized a total of $41.71 billion of refinance loans in October, down 22 percent from the previous month.

Glenn Costello, a senior managing director at KBRA, said the securitization of non-QM loans will require additional credit enhancement relative to QMs.

If a residential loan officer isn't doing at least six units per month, should he (or she) be fired?

The bipartisan Senate blueprint for secondary mortgage market reform includes several key provisions designed to facilitate small-lender access when Fannie Mae and Freddie Mac are no longer around.