The proposed inter-agency rule covers only flood-insurance premium escrows and detached structures.

There was one piece of good news: Freddie Mac managed to boost its share of the GSE market up to 40.6 percent for all of 2014.

The average credit score on the 10th percentile of purchase mortgages increased from 555 in 2000 to 655 at the end of the third quarter of 2014.

The Basel Committee on Banking Supervision recently proposed replacing credit ratings with loan-characteristic metrics for determining capital requirements on bank holdings of residential MBS and commercial MBS. Federal regulators in the U.S. note that the proposal is preliminary and any changes to U.S. capital requirements will go through a notice and comment process separate from the BCBS’ activity. The current standardized approach established by Basel for determining capital requirement riskweights prescribes the use of external credit ratings for residential MBS and commercial MBS, among other holdings by banks subject to capital requirements. “While acknowledging that credit rating agencies play an important role in financial markets and that external credit assessments provide valuable information that may assist in the analysis of credit risk exposures, the hard-wiring of external credit assessments into standards, laws and regulations may often lead...

The national director of retail sales at a top-20 ranked lender is out in the cold. Details to follow...

Standards for qualified-residential mortgages along with risk-retention requirements for certain non-agency mortgage-backed securities take effect Dec. 24, 2015. The final rule establishing the implementation date was published in the Federal Register at the end of December 2014. Federal regulators first detailed...[Includes two briefs]

In 2013, CashCall sold roughly $10 billion of residential servicing rights – a sale that may have been forced by Fannie Mae, sources told IMF.

It was the strongest refi volume of the year, and it helped offset a 9.8 percent drop in purchase-mortgage securitization over the same period.

Moody’s noted that 88.1 percent of the mortgages slated for securitization have been modified.

A spokesman for Impac said the purchase price will be disclosed “when the final docs are filed.”