FHFA blames part of the GSEs’ significant losses on subprime MBS, which JPMorgan and 16 other financial institutions sold to Fannie and Freddie.

FHFA has been analyzing approaches for reducing Fannie Mae and Freddie Mac loan limits across the country, "and any such change would be announced with adequate advance notice for implementation on January 1, 2014" the regulator said.

Thomas Hoenig, vice chairman of the FDIC, said he is particularly interested in exploring the downpayment issue further. Securities investors are also likely to push for downpayment requirements for QRMs.

In May, Sen. Bill Nelson, D-FL, flagged the disturbing consumer credit reporting practice of lumping a short sale within the same industry code as a foreclosure in consumer credit reports.

The trend toward private MI is likely to continue in anticipation of the FHA Solvency Act of 2013, which is awaiting action on the Senate floor.

A housing lobbyist added that, “Right now it’s a matter of timing. Will in come in October or a little later than that?”

The FDIC will raise the question of a 30 percent downpayment but don't expect to see it in the final QRM rule.

EverBank also will evaluate each eligible borrower still in the process of foreclosure for a new loan modification.

The former Encore Mortgage executive said he will concentrate on lower FICO score lending, in particular what he calls the “B&C” market.

Today, Fannie Mae/Freddie Mac g-fees average 50 to 55 basis points compared to 24 bp back in 2009.