Don Brown of Optimal Blue: The industry is “at or near a high-water mark” in terms of the number of mortgage investors.

While the GSEs have been engaging in risk-based pricing for mortgage guarantees since the crisis, very large cross subsidies remain, according to one panelist from the Federal Reserve…

Rick Sharga of Carrington: “Refi volumes will continue to contract, and lenders will have to accelerate their shift towards more purchase business in order to maintain volume.”

The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products.

As the outlook for originations – especially refis – continues to worsen, more nonbank mortgage firms may consider selling out to larger competitors later this year, according to interviews conducted by Inside Mortgage Finance.

FHA officials have fretted about rising DTI ratios for some time…

A HUD spokesman told this news organization that “non-U.S. citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”

Noticeably absent from the letter: the FHLBs of Chicago and San Francisco…

Kraninger also avoided making a commitment to defend the CFPB’s constitutionality...

Meanwhile, several large MSR packages are currently out for bid.