Vintage Alt A mortgages continue to cause losses at the GSEs.

While industry participants continue to call for formal guidance from the CFPB regarding TRID defects, some predict that further help is unlikely at this time…

The rating service noted that originations of bank-statement loans tend to be non-qualified mortgages for self-employed borrowers.

At the ABS Vegas conference the deal agent concept was touted by Monique Rollins, deputy assistant secretary at the Treasury Department, as a significant structural reform for the non-agency MBS market.

In the new “Mortgage Professional’s Handbook,” residential finance technology expert Jeff Lebowitz predicts the industry “is about to exit its Victorian era of technology use."

Ocwen continues to face regulatory issues, including constraints on growth via acquisitions. However, Fitch recently upgraded a number of the firm’s servicer ratings from a level 4 to a level 3-minus with a “stable” outlook.

Eric Kaplan of Ranieri Strategies noted that many investors in non-agency MBS wish to remain anonymous.

Ocwen's goal: to be a “world-class” company. But investors need convincing. Its stock is down 92 percent from its all-time high.

“This was really gnarly and political,” said Redwood executive Marty Hughes. “I think the FHFA making this decision was just something that they wanted to get behind them.”

“We see a lot of multiple offers, especially for first-time buyer ranges,” said one real estate agent based in Washington State.