Many lenders and some investors pushed for an alignment of QRM and QM, while other investors sought protections beyond the requirements for QMs.

Any refunds paid by the originator must occur within 210 days after the loan is made.

To account for the risk posed by the small loan pool, Fitch applied a penalty of 1.07-times (a 7.0 percent penalty) to the lifetime default expectations for the MBS...

One servicing analyst told IMFnews that if Ocwen continues to get downgraded on its servicer ratings it could be forced to sell MSRs and/or post additional capital.

Interactive Mortgage Advisors has launched RealPartner.com, a crowd funding platform giving accredited investors access to performing residential mortgages...

The new jumbo security from JPMorgan Chase is scheduled to be issued on Oct. 30.

An investor in GSE stock, Continental’s counsel in the case is Cooper & Kirk, the same law firm that represents Fairholme, a large hedge fund that bought up GSE stock last year.

One former CEO candidate told IMFnews that back when he was approached about the job, the starting salary for the position was at least $400,000.

One mortgage executive added: “Watt is trying to do the right thing, but I’m not sure he will get there. It’s good to see the government admit that the pendulum went too far.”

Non-agency MBS sponsors will be allowed to retain the risk portion on vertical or horizontal tranches of the security or a combination of the two.