FHFA notes that the legislation “requires a great deal of regulatory coordination but primarily places this responsibility on FMIC.”

“The examiner-in-charge apparently thought that the owner was lying, and the CFPB now wants to question him under oath,” principal Joe Garrett writes in a note to his clients.

Mortgage lenders reported $8.2 billion of new forward FHA loans for February, down from $11.4 billion for January and $19.5 billion from a year ago.

Ginnie Mae President Ted Tozer told IMFnews that the sale will clear once “missing files” are cleaned up by Bank of America.

“There are more cases on the way,” said Benjamin Olson, an attorney with Buckley Sandler.

Jumbo MBS issuers typically acquire their loans from a variety of sources. However, only three lenders contributed mortgages to each of the four jumbo MBS issued during the first quarter: Guaranteed Rate, PrimeLending and RPM Mortgage.

At one shop based in the Midwest there’s unconfirmed talk of loan officers who haven’t been paid for months, unpaid leases and top executives who were on vacation as volumes collapsed.

Government-sponsored enterprises Fannie Mae and Freddie Mac are off to a solid start to the year in terms of their multifamily business in what is expected to be a more competitive year in 2014 than the market saw last year. Whether they can match last year’s levels is an open question. Fannie issued...[Includes one data chart]

Passage of legislation from Sens. Tim Johnson, D-SD, and Mike Crapo, R-ID, to reform the government-sponsored enterprises would prompt some changes to the multifamily MBS market, according to industry analysts. While the bill’s impact on the multifamily market is expected to be modest overall, according to Moody’s Investors Service, the pricing advantages seen on multifamily MBS from Fannie Mae and Freddie Mac compared with non-agency commercial MBS would likely disappear. The Johnson-Crapo bill, which is scheduled for a markup next week by the Senate Committee on Banking, Housing, and Urban Affairs, calls for risk-sharing structures in the multifamily market already used by Fannie Mae and Freddie Mac for multifamily MBS, potentially limiting any broad disruptive impact to the multifamily market from the bill. Within one year after the bill becomes law, Fannie and Freddie would be required...

Over the past six months, CashCall has laid off several hundred workers, but continues to advertise in local media markets in Southern California.