"The QM patch should be replaced with a bright-line safe harbor that does not rely on the GSEs’ practices,” the Treasury Department said.

“The QM patch expiration presents an opportunity for regulators to streamline certain rules to put the housing-finance sector on the best possible footing going forward,” Redwood said.

The Pennsylvania AG opened a redlining investigation last year following a news report that white borrowers in Philadelphia received 10 times as many conventional mortgage loans as African-American borrowers.

Senate Banking Committee hearing: First step toward legislative reform? 

Brokers recorded a hefty 69.3% increase in government lending from the first to the second quarter, boosting their share of the sector to 21.4%.

Stress tests and capital vs. yield curves and spreads.

The organization’s largest sources of revenue — by far — are its annual convention and the cash it takes in from membership dues: $30.4 million and $24.3 million, respectively.

Bob Garrett, executive vice president in charge of warehouse finance at First Tennessee Bank, said he’s seen some competitors that are so overwhelmed with demand they’re turning away business.

Syracuse Securities calls the mortgage business "unforgiving and highly competitive." That sounds about right...