He may know how to run a decent race, but does economics professor David Brat – the man who beat Rep. Eric Cantor in the GOP primary in Virginia – know the history of the mortgage meltdown?

As one jumbo participant put it: “More is good.” Redwood Trust also is working on a deal, industry officials said.

The terms of the settlement include $500 million in consumer relief and a cash payment of $468 million.

Outside of CitiMortgage and SPS, no other servicers received one-star ratings on the seven metrics tested for the Treasury in the first quarter of 2014.

Analysts point out that bank earnings have suffered less than revenues, and many institutions responded quickly by downsizing their mortgage operations, although these cost-cutting efforts won’t show up in expenses immediately.

At the FHFA, Singh was involved in strategic planning to help attract private capital to the mortgage industry, a key goal of former Acting Director Edward DeMarco…

“DOJ may not have the evidence to try this as a fraud case,” Judge Max Cogburn said.

The average combined loan-to-value ratio on the deal is 71.5 percent, one of the highest levels for the new era of jumbo MBS.

“This appears to be very good news and is a credit to our collective work with the Coalition for Sensible Housing Policy,” the National Association of Realtors told its members.

“I’m tired of having the AMC acting as my pimp," said one appraiser. "The current situation is ruining the appraisal profession and turning appraisers into whores for the AMCs."