The spokesperson added: “It should be noted that in the recently announced housing finance reform plan, Treasury recommends that volume-based pricing discounts or similar incentives should be prohibited at the enterprises.”

Eli Global (Global Growth) owner Greg Lindberg entered a not guilty plea in the case and just last week filed a motion to dismiss.

Brian Herr of Medalist Partners: “Some of the more bespoke, esoteric markets won’t be so bespoke or esoteric going forward.”

Some mortgage market participants suggested the CFPB replace the DTI ratio standard with a different measure, such as a residual income test.

Three large nonbanks led the pack in GSE buybacks during the second quarter: Quicken Loans, Caliber Home Loans and loanDepot…

Back in 2011, large bank servicers – including Wells Fargo, JPMorgan and Bank of America – controlled roughly 94% of the mortgage servicing market, a fact cited in a new report from the Conference of State Bank Supervisors. Today, just four commercial banks rank among the top 10 servicers.

Read the tea leaves: Just 56.4% of second-quarter loan originations have been pooled in MBS. In recent years, the overall securitization rate has run at about 70%.

The CSBS report: “Thin liquidity margins, especially when coupled with the other risks identified above, can put a nonbank in a sudden compromised position triggered by a reduction in revenues or other market or economic events such as volatile interest rates that can have significant impact on the value of MSRs.”

FHFA Director Mark Calabria: Reducing risk isn’t necessarily the same as reducing volume…

Flagstar estimates it will recover about $1 million of the cost in the third quarter while it continues to pursue other legal remedies tied to Live Well...