Another noticeable shift from 2013 to last year was the further deconsolidation of originators...

Loan origination data for 2014 that were released last week by federal regulators show that the conventional mortgage market was considerably bigger than previously estimated – and that production levels this year are rising. Home Mortgage Disclosure Act data show that lenders covered by the law’s reporting requirements originated $969 billion of conventional purchase and refinance loans last year. About $232 billion of that amount came in loans exceeding the county-level conforming loan limits in effect for Fannie Mae and Freddie Mac last year. The remainder, $737 billion, represents...[Includes two data tables]

CFPB Director Richard Cordray believes the mortgage industry overreacted on the issue...

Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.

Rushmore is licensed in all 50 states, Washington DC, and Puerto Rico. It has offices in Irvine, Dallas and San Juan, PR, where it services roughly $1 billion in assets...

The CHLA suggests, among other things, that the U.S. Treasury stop sweeping all GSE profits and instead put that money in a capitalization reserve account...

The supply of residential MBS in the market grew tepidly in the second quarter of 2015, but not enough to increase the overall securitization rate for home mortgages. A total of $6.335 trillion of single-family MBS were outstanding at the end of June, a slim 0.1 percent increase from the previous quarter. The supply of MBS has been bouncing slightly higher and lower over the past six quarters, without gaining much traction. With total home mortgage debt outstanding climbing by 0.4 percent during the second quarter, the share of securitized loans fell...[Includes two data tables]

Mortgage origination volume was down sharply in 2014, but not by as much as previously thought, according to an Inside Mortgage Finance analysis of Home Mortgage Disclosure Act data released this week by federal regulators. A total of $1.242 trillion of single-family purchase and refinance loans were originated during 2014, the HMDA data reveal. That was down 29.5 percent from the 2013 HMDA total, although purchase-mortgage lending was up slightly in both the government-insured and conventional markets. HMDA first-lien purchase and refi originations came...[Includes one data table]

The new non-agency security has credit enhancement of 49.9 percent on the top-rated tranche.

The evidence is somewhat suspect because as the analysts noted, the 43 percent cap on DTI ratios for QMs doesn’t currently apply to the FHA, VA or GSE mortgages.