A huge non-QM expansion for Athas Capital?

MBA sent the CFPB a letter signed by 250 member firms…

The Southern District of New York Bankruptcy Court this week granted a motion by Lehman Brothers Holdings to add indemnification claims against its former brokers and loan correspondents based on the allegedly defective loans at issue in a $2.3 billion settlement with non-agency MBS trustees.

The Mortgage Bankers Association is pressing the Consumer Financial Protection Bureau to make reform of the loan-originator compensation rule a top priority.

First Pacific is an institutional money management firm...

Eric Kaplan of the Milken Institute: “I don’t think the non-agency market is ready to absorb the market that’s taken away from the GSEs without some significant signaling in advance.”

Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”

The current policy, issued in 2013, says the bureau will not approve a trial disclosure that weakens consumer understanding of valuable information, even if it improves cost effectiveness.

Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.