Analysts at Morningstar Credit Ratings suggest that most non-agency MBS backed by new mortgages will be subject to full reviews due to uncertainty regarding the TILA-RESPA Integrated Disclosure rule.

Some 5.0 percent of MGIC’s new insurance written in the second quarter of 2016 was for mortgages with loan-to-value ratios above 95 percent.

To help address racial disparities in lending, the NCRC called for expansion of the Community Reinvestment Act, stronger enforcement of the CRA and strengthening of the government-sponsored enterprises’ affordable housing goals.

“Discrimination should have no place in the mortgage industry,” according to the Republican platform.

“[The GSEs’] corrupt business model lets shareholders and executives reap huge profits while the taxpayers cover all losses,” according to the Republican platform.

The changes follow looser underwriting standards implemented by Redwood outside of the MPF Direct product.

Moody’s noted that all of the conforming mortgages that will be included in the MBS pre-date the TILA/RESPA Integrated Disclosure rule.

The bill would expand flood insurance options by including private flood insurance and require the GSEs to accept any private flood insurance company a borrower chooses, as long as the company is financially sound.

Officials at Wells Fargo said that in the first month of offering the non-FHA yourFirstMortgage, applications for more than $1.0 billion in production were received.

While FHA forward mortgages continued to be the biggest source of collateral, the VA program actually produced a bigger gain, 42.4 percent, from the first to the second quarter.