Non-agency MBS sponsors will be allowed to retain the risk portion on vertical or horizontal tranches of the security or a combination of the two.

Under the proposal, lenders would be required to report the originations of QMs and non-QMs.

Zandi and deRitis believe that the FHA is on track to be able to lower its mortgage insurance premiums by 50 basis points to an average of 120 basis points for total upfront and annual premiums.

More trouble for Walter Investment Management? Meanwhile, according to NTC, as many as 490,000 homeowners could be affected by faulty servicer database records.

REITs have seen mixed results in the past year when aggregating jumbos for MBS and buying a subordinate portion of the securities.

Redwood Trust ranked second in terms of issuance for the third quarter, pricing $636.0 million in jumbo MBS.

Banks were the top nine jumbo lenders, led by Wells Fargo with $41.49 billion in originations, accounting for a healthy 15.8 percent of all jumbo lending.

However, the CFPB official said the no-action letters would not give a requesting entity an exemption from complying with any statutory or regulatory rules.

New Penn is considering loosening the residual income requirements on its non-QM loan, an adjustment aimed at jumbo borrowers.

No reason for panic yet: Only two jumbo (MBS) borrowers are currently more than 60 days delinquent and the foreclosure process has yet to start for either.