Lobbyists tracking the bill now believe that a “negotiated” final measure will not be ready for a full committee vote until possibly mid-May.

Meanwhile, rumors abound that Fannie and Freddie may once again be looking at the possibility of selling some of its nonperforming mortgages…

“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.

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.

“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.

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

Who gave up market share to nonbank lenders? The biggest decline was among banks with over $1 trillion in assets: JPMorgan Chase, Wells Fargo, Bank of America and Citigroup.

Commercial mortgage securitization – including non-agency commercial MBS and multifamily securitizations by Fannie Mae, Freddie Mac and Ginnie Mae – declined by 22.1 percent in the first quarter of 2014.