Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…

The new MBS from JPM concentrates on jumbo mortgages. The average loan balance is $952,747.

Meanwhile, there’s already speculation that Capital One – known for its prowess in credit cards – might eventually re-enter the mortgage business in one way or another.

Lenders have complained about misleading and confusing labels when self-reporting loan defects…

“By contrast, the 2017 HECM portfolio has a negative capital ratio of 19.84 percent and a negative economic net worth of $14.5 billion,” HUD said in its summary.

More M&A deals are expected in the quarters ahead…

Upon Cordray’s announcement, Rep. Hensarling declared: “We are long overdue for new leadership at the CFPB, a rogue agency that has done more to hurt consumers than help them…”

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

Also likely to pass: a bill that would exempt from property appraisal requirements a mortgage of $250,000 or less if it appears on the loan creditor’s balance sheet for at least three years…