Bank of America claims the CID is unnecessary, redundant and unduly burdensome because the bureau already has the information it is seeking. 

Investors are flocking to non-QM MBS and losses on the deals have been essentially non-existent. However, some large firms continue to hold out for better protections.

Industry consultant Joe Garrett wonders about LO pay on "easy" loans...

Among the commenters: The National Association of Realtors, which suggested using the DTI ratio as a compensating factor.

The publicly traded Impac is based in Irvine, CA. Its share price is currently at $7.34, more than double what it was in June. Donatacci will split his time between California and New York.

The press-shy Cenlar – which has a thrift charter – continued to dominate the subservicing rankings with a market share of 21.3%...

Some are calling for the GSEs’ automated underwriting systems to be used after the QM patch expires to determine whether a mortgage is a QM.

The spokesperson added: “It should be noted that in the recently announced housing finance reform plan, Treasury recommends that volume-based pricing discounts or similar incentives should be prohibited at the enterprises.”

Eli Global (Global Growth) owner Greg Lindberg entered a not guilty plea in the case and just last week filed a motion to dismiss.

Brian Herr of Medalist Partners: “Some of the more bespoke, esoteric markets won’t be so bespoke or esoteric going forward.”