“In our view, the primary risk associated with some lenders being less than fully prepared for QM could be temporary loan production delays,” the consulting firm adds.

CashCall, once a top ranked refi specialist, is owned by mortgage industry veteran Paul Reddam.

Loan broker Anne James, who runs Reliance Funding in Wittier, CA, told us recently that “I have wholesale lenders calling me daily to sign up.” She notes, however that “Loans are not dropping out of the sky” but adds that she’s getting quite a few calls for second mortgages.

Among other things, the FHFA wants to know if six-months is adequate time for lenders and servicers to make the changes to their technology systems.

From what we understand, some GSE employees with MBS backgrounds are eagerly volunteering their services to the CSS project, believing that the “end product,” the MBS, is where the future lies.

Want to sell a large chunk of MSRs? If it's Fannie Mae/Freddie Mac product you'll have to run the deal past the FHFA.

Officials close to the matter said the MI policy briefing was cancelled due to Senate approval of a new permanent director to the agency, Mel Watt, a former North Carolina Congressman.

In certain ways, HUD’s "qualified mortgage" definition is less restrictive than the CFPB edict, including setting no limit on a borrower’s debt-to-income ratio.

Industry trade groups feared a 10 basis point increase in the g-fee from a budget deal.

A ton of new servicing deals have hit the market. But will regulatory scrutiny throw a monkey wrench into the transactions?