However, if Fannie Mae determines through established delivery or quality-control review processes that any loan has ineligible term or amortization provisions, it will be subject to repurchase.

The Mortgage Bankers Association and other industry trade groups fear that the shutdown will have a growing impact on the housing market, including FHA endorsements.

Redwood Trust and Credit Suisse, the jumbo MBS sector’s two biggest players, slowed their securities issuance during the third quarter.

As the government shutdown continues and many federal workers go without pay checks, there’s a growing concern that these potential borrowers will see their credit scores get dinged.

Critics contend that jumbo MBS investors don’t have access to mortgage documents.

The Federal Reserve is pointing its finger at both loan officers and applicants for the misreporting of borrower income.

FHA claims it is still endorsing loans but only 2 percent of its staffers are on duty. Also, the USDA mortgage program lies dormant.

Some in the mortgage broker community have suggested that operating as a mini-correspondent could help brokers bypass points-and-fees complications with the qualified mortgage definition under the ATR rule.

A flurry of new SEC filings suggests that Cherry Hill Mortgage Investment Corp. may go public this week, possibly by Friday.

Is refi specialist CashCall still on the auction block? It’s hard to say since the company doesn’t return telephone calls about the matter.