The mortgage insurance industry is anxiously waiting on new risk-to-capital rules being worked on by the Federal Housing Finance Agency.

One former regulator told us that HUD is relying too heavily on foreclosure sales, which can drive down median values.

According to calculations from Inside Mortgage Finance, some counties will see the limit fall to $271,050. “At the very least FHA should allow for a phase-in period,” said one industry lobbyist.

As an industry, banks assigned a fair-market value of $48.4 billion to their mortgage servicing rights, according to figures compiled by Inside Mortgage Trends.

Mel Watt said he will formally announce the delay in higher LLPAs and g-fees after he is sworn in on Jan. 6, the same day he will resign his House seat.

Will departing FHFA chief Ed DeMarco go work for a hedge fund? Stranger things have happened.

Also note that the ATR rule provides additional flexibility to small lenders in that the safe harbor has been expanded to 3.5 percent over the average prime offer rate.

Although the settlement has been filed and agreed to by PNC, it still requires court approval.

After months of investor uncertainty and occasional hand-wringing, it has begun – the “tapering,” that is. This week, the Federal Reserve announced that it would scale back the growth in its agency MBS portfolio from $40 billion a month to $35 billion a month, starting in January. The central bank said it would continue to reinvest principal payments from its huge agency MBS portfolio, which was up to $1.483 trillion at the last official reading. With new production in the agency MBS market falling dramatically since April, the Fed’s target...

State attorneys general extended the national servicing settlement to the nonbank sector with an extra emphasis on servicing transfers.