The Mortgage Choice Act was passed by the GOP-held House in June, but failed to move through the Democrat-controlled Senate.

Prospect Mortgage is the top contributor with a 9.1 percent share, followed by Ditech Mortgage (8.6 percent) and Skyline Financial (7.1 percent). All three are nonbanks.

The firm noted that employment and income fraud peaked in the fourth quarter of 2013 and has declined ever since.

Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...

Roughly 73 percent of the mortgages in the deal have interest-only terms.

An official involved in the non-agency MBS market said it’s easier to sell private placements than it is to meet requirements for publicly registered deals

More commonly, servicer event of default clauses are tied to the servicer’s financial condition...

“The industry seems to be cut out of some of the development of the securitization platform,” said Rep. Scott Garrett, R-NJ...

According to the IMA offering circular, the seller is a “Southwest, independent mortgage banking entity with strong financials and a highly experienced senior management team.”

The FHFA is still evaluating input regarding g-fees and but Watt has no idea if they will be reduced, increased or kept at their current levels.