In a statement, Rep. Hensarling decried last year’s $1.7 billion “taxpayer-funded bailout” of the FHA.

Although Wells Fargo officially exited the broker market two years ago, it apparently still does a tiny amount of business through the channel.

The senate panel is expected to ask questions on guaranty fees and the common securitization platform as well.

According to Citadel’s website, it offers five different loan matrices, which have credit grades ranging from A down to C.

MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.

So, which groups are behind the "housing-industrial complex"? DeMarco isn't naming names...

The FHA’s annual independent actuarial review of the MMIF showed a capital reserve of 0.41 percent at Sept. 30, 2014.

Shopping for credit ratings is alive and well despite the laws and regulations that have been put in place to curb the practice, but so far credit rating agencies have not lowered their standards, according to Morningstar Credit Ratings. “Arrangers and issuers of structured debt continue to tightly control the selection of credit rating agencies,” Morningstar said in a recent analysis. But information quality and transparency fall short of investor expectations, and the general interests of the key stakeholders remain somewhat misaligned, the rating service said. Arrangers and issuers of residential MBS, non-mortgage ABS and commercial MBS continue...

And there could be some good news on lower LLPAs. Fannie said that come May 2015, it will change how it treats loans where there are two or more borrowers...

The biggest decline has been in non-agency MBS holdings, mostly Alt A and subprime MBS that have been subject to fast liquidation rates.