“When someone tells you that the ATR rule is working, keep in mind it’s working because it actually stands on exemptions," said Rod Alba, senior regulatory counsel at the American Bankers Association.

Wells Fargo and JPMorgan Chase posted strong gains in first-lien holdings during the first quarter, and they were the biggest jumbo mortgage originators during that period.

The final rule approved by the FDIC requires escrows for flood insurance to be implemented on a “tripwire” approach.

The NCRC said Bank of America, Discover Bank, Synchrony and TD Bank, among others, have supported the program.

Potential borrowers have misperceptions about requirements for credit scores, downpayments and income, according to results from a survey by Wells Fargo and Ipsos Public Affairs.

Originations of VA mortgages in the first quarter of 2015 increased by 5.8 percent compared with the previous quarter and were up 86.0 percent from the first quarter of 2014.

But the combined Truth in Lending Act and Real Estate Settlement Procedures Act disclosures may not be as bad as many seem to fear.

“The short-term outlook remains dismal,” said Quincy Tang, a managing director and head of U.S. residential MBS at DBRS.

The changes allow eligible non-borrowing spouses with older Home-Equity Conversion Mortgages the potential to remain in their home following the death of the last surviving HECM borrower.

The VA maintained a sizeable lead in first-lien mortgage refinancing over FHA and private mortgage insurers in the first quarter of 2015 but yielded to both in purchase originations.