With the deal, $5.3 billion in mortgage servicer advance ABS will have been issued this year, according to the rating service.

If the agencies stick with their current plan to extend QRM status to any home loan that meets the “qualified mortgage” safe harbor, regardless of downpayment amount, private MIs would have to sell their product based on its economic value.

Look for an update late Thursday on the sale of Cole Taylor Mortgage. Meanwhile, does anyone care that credit unions are holding 30-year jumbo mortgages in portfolio?

Purchase mortgages accounted for 39 percent of the loans included in the new Credit Suisse jumbo MBS deal. The weighted-average combined LTV was 71 percent.

The the most powerful consumer regulator in the nation raised concerns about aligning the definitions of 'qualified residential mortgage' and 'qualified mortgage.'

Commercial banks are earning a ton of dough on residential servicing fees, but nonbanks are seeing an erosion in profits.

Thomas Hoenig, vice chairman of the FDIC, said he is particularly interested in exploring the downpayment issue further. Securities investors are also likely to push for downpayment requirements for QRMs.

The collateral backing the new Redwood bond is exclusively 30-year fixed-rate loans without interest-only terms.

Just one nonbank, PHH Mortgage, ranked among the top ten originators of jumbo loans in the first-half. Guaranteed Rate ranked 12th and Quicken 16th.

EverBank also will evaluate each eligible borrower still in the process of foreclosure for a new loan modification.