The QM Plus option would be limited to loans secured by a principal dwelling. No subordinate liens would be permitted for purchase-money transactions.

Still, one industry lobbyist warns that with Cory Booker’s election to the Senate, the White House may be willing to exert more influence to advance Mel Watt’s nomination to head the FHFA.

However, according to figures compiled by Inside Mortgage Finance, the U.S. subsidiary of the Canadian-owned bank doesn’t even rank among the top 30 lenders, at least not yet.

The reduced head count at Wells Fargo is hardly surprising given declining refinancings, but there could be more bloodletting in the months ahead.

Golf is for slackers. Inside Mortgage Finance knows of at least four veteran mortgage banking executives who, after “retiring,” are looking to reenter the business.

Barry Habib, chief market strategist for RFC, confirmed that the privately held nonbank has closed branches but offered up few details.

Since the summer, the regulator has been pondering reducing the current $417,000 maximum loan limit and the “high cost” limit of $625,500. At the earliest, a change could come by January.

The CFPB also said it is exempting servicers from being required to provide periodic account statements and certain early intervention contacts with borrowers who are in bankruptcy.

Bank of America's mortgage business appears to be profitable but only if you exclude its legacy business.

MGIC wrote $8.6 billion in new business in 3Q, up from $8.0 billion and $6.5 billion in the second and first quarters, respectively.