If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...

Industry vet Bill Dallas of Finance of America: “The next two quarters will be pivotal for mortgage bankers.”

When it comes to MBS guarantees, it would be a pay-as-you-go system...

Bank of America claims the CID is unnecessary, redundant and unduly burdensome because the bureau already has the information it is seeking. 

Investors are flocking to non-QM MBS and losses on the deals have been essentially non-existent. However, some large firms continue to hold out for better protections.

Industry consultant Joe Garrett wonders about LO pay on "easy" loans...

Among the commenters: The National Association of Realtors, which suggested using the DTI ratio as a compensating factor.

The publicly traded Impac is based in Irvine, CA. Its share price is currently at $7.34, more than double what it was in June. Donatacci will split his time between California and New York.

The press-shy Cenlar – which has a thrift charter – continued to dominate the subservicing rankings with a market share of 21.3%...

Some are calling for the GSEs’ automated underwriting systems to be used after the QM patch expires to determine whether a mortgage is a QM.