The rating service noted that originations of bank-statement loans tend to be non-qualified mortgages for self-employed borrowers.

So far, only one of the two has released a position paper on housing issues (Hillary) while the other (Donald) should know quite a bit about housing, having constructed many condos and multifamily units in his day…

At the ABS Vegas conference the deal agent concept was touted by Monique Rollins, deputy assistant secretary at the Treasury Department, as a significant structural reform for the non-agency MBS market.

Freddie and Fannie both posted earnings north of $2 billion for the fourth quarter. But Freddie posted a net loss of $475 million in the third quarter of last year after booking a stunning $4.17 billion charge on its derivatives.

In some purchase transactions, lenders require special certifications and inspections stemming from VA policy guidance.

In the new “Mortgage Professional’s Handbook,” residential finance technology expert Jeff Lebowitz predicts the industry “is about to exit its Victorian era of technology use."

One analyst told IMFnews: “I don’t stay up until four a.m., trying to figure out Ocwen anymore.”

The inability of Fannie and Freddie to build capital is a huge issue, Stevens said.

Among other things, the attorneys will represent clients in supervisory matters before the Consumer Financial Protection Bureau...

Eric Kaplan of Ranieri Strategies noted that many investors in non-agency MBS wish to remain anonymous.