The Department of Justice recently announced settlements from three fair lending actions, all of which included allegations related to wholesale mortgage lending operations. In the first case, Southport Bank of Kenosha, WI, agreed to pay $687,000 to African-American and Hispanic wholesale mortgage borrowers as part of a settlement to resolve allegations that it engaged in a pattern or practice of discrimination on the basis of race and national origin. The proceeds of the settlement will be used...

It's not looking pretty for gain-on-sale margins this quarter. However, interest rates will remain low.

Members of the House believe FHFA does not have the legal authority under HERA to reduce GSE loan limits.

With most of FHA's staff on furlough, the private mortgage insurance sector sees an opportunity to gain business.

Over the past year, some lenders have complained privately about the presence of enforcement attorneys during examinations, telling Inside Mortgage Finance that it can be intimidating to staff.

Fannie Mae and Freddie Mac securitized $285 billion of single-family mortgages during the third quarter, an almost 16 percent drop from the previous three-month period. As for the outlook for the fourth quarter, the industry is nervous.

ABA will send FHFA its own letter on GSE loan limits. Meanwhile, CFPB finds two mortgage bankers over RESPA violations.

Meanwhile, smaller mortgage lenders that do not have delegated underwriting authority are reporting delays on getting loans closed.

The CMC letter follows one sent last night by 15 housing and mortgage-related trade groups to Acting FHFA Director Edward DeMarco, asking him not to lower the GSE loan limit, while questioning the legality of such a change.

While standardization was the focus of jumbo investors, perhaps the bigger concern for participants is that most investors said they were looking to buy almost anything other than new jumbo MBS.