Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…

Meanwhile, there’s already speculation that Capital One – known for its prowess in credit cards – might eventually re-enter the mortgage business in one way or another.

The new MBS from JPM concentrates on jumbo mortgages. The average loan balance is $952,747.

Lenders have complained about misleading and confusing labels when self-reporting loan defects…

Upon Cordray’s announcement, Rep. Hensarling declared: “We are long overdue for new leadership at the CFPB, a rogue agency that has done more to hurt consumers than help them…”

More M&A deals are expected in the quarters ahead…

“By contrast, the 2017 HECM portfolio has a negative capital ratio of 19.84 percent and a negative economic net worth of $14.5 billion,” HUD said in its summary.

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.