A proposed FHA administrative fee as high as 4 basis points to fund quality assurance enforcement and technology upgrades also went down in flames.

But there's one little wrinkle: the GSEs cannot pass the cost of funding the HTF onto lenders…

The Conference of State Bank Supervisors is working on capital requirements for nonbank servicers, a story first reported by Inside Mortgage Finance last month.

The FHA temporary waiver was issued in November of last year and now has been extended to Aug. 31, 2016.

Compared to two years ago, staffing levels at the CFPB have increased a whopping 55 percent. Of course, Congress has no say over the agency’s budget.

A spokesman for Ocwen – which is also the nation’s eighth largest Ginnie Mae servicer – declined to comment on anything having to do with buyouts.

United Wholesale Mortgage is also one of the largest originators of residential loans with lender-paid mortgage insurance.

Sen, Menedez added: “These [programs] were not the drivers of the financial crisis. We’re going to hear the opposite of that in the next session of Congress.”

The new plea from the CHLA comes at a time when depositories are losing origination market share to fast growing nonbanks like Freedom Mortgage, United Wholesale Mortgage and others.

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…