The STACR deal was structured so that Freddie Mac will take the first 30 basis points of losses on the transaction, followed by private investors, which bought debt notes on the following 300 basis points of potential losses.

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.

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.

The frothy prices being offered for MSRs are beginning to cool somewhat. “There’s definitely a tighter range on bids lately,” said Matt Maurer, managing director of MountainView Servicing Group.

Paul Rozo, who runs PRMG, told us that he is not a big fan of call centers and that every LO in his organization is a “hunter,” a sales person “who relies on referral business and/or handling their own marketing."