The evidence is somewhat suspect because as the analysts noted, the 43 percent cap on DTI ratios for QMs doesn’t currently apply to the FHA, VA or GSE mortgages.

The old GMAC servicing platform in Iowa appears to be on a death-watch as Ocwen sells GSE servicing rights and opts for cheaper labor overseas...

Mark Zandi, chief economist with Moody’s, said the biggest impediment to opening up the FHA credit box is the issue of loan certification.

Feeding the MSR growth: credit unions, which increased their holdings of un-securitized home mortgages by 8.2 percent over that period...

Ginnie Mae defines “inactivity” as 18 months of dormancy. At least 50 issuers meet that definition...

The former FHA commissioner noted that: “We’ve seen that before – when enforcement does replace regulation..."

Meanwhile, the MBA chief – and his members – were caught off guard by Tozer’s comments about nonbanks and servicing transfers.

“It was a great channel for some time, but the competitive landscape is expanding rapidly,” said one executive at the company.

For many investors it has boiled down to this: They’ve had enough and they want out.

All of the servicing rights being auctioned off are currently being subserviced by Cenlar.