The last time private MIs did more business than either the FHA or the VA was back in the first quarter of 2008. At that point, however, private MIs accounted for well over half of primary MI new business.

On Thursday morning, Fairholme chief Bruce Berkowitz said, "We’re talking to everyone about this plan,” then added: “We’d love to talk to Treasury.”

The CFPB expects the vast majority of institutions to be in substantial compliance with its new mortgage rules by the January deadlines.

Pete Carroll's mortgage credentials include a stint at Overture Technologies, a mortgage technology firm based in the Washington, DC, area.

Cash-out refis are at all-time lows compared to the peak in 2006 when $84 billion in equity was withdrawn by consumers.

One trade group official told Inside Mortgage Finance that despite efforts by the Federal Housing Finance Agency to create g-fee parity for lenders of different sizes, there has been little in the way of progress.

Are mortgage bankers so diabolical that they attempt to find a way around new regulations? Industry consultant Joe Garrett of Garrett, McAuley & Co. thinks so.

The changes via Desktop Underwriter include tougher debt calculations for adjustable-rate loans and a complete removal of interest-only loan options.

Consumer advocate Mike Calhoun questioned if lenders will offer non-QMs at all, due to the liability posed by such originations and their designation as “less safe” mortgages.

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