All of the loans in the Credit Suisse MBS are 30-year fixed-rate mortgages, 4.1 percent of which have 10-year interest-only periods.

Adam Levitin, a professor at Georgetown University Law Center, is critical of efforts to align the QRM rule with the QM. “Skin in the game is meant to be a systemic stability regulation, but it has instead been pegged to a consumer protection regulation,” he said.

Add default servicing to the list of things JPM's Jamie Dimon doesn't like about the mortgage industry.

HomeStreet might participate in or sponsor non-agency MBS going forward.

The preliminary findings are not pretty: 55 percent of lender/servicers lost money in 4Q compared to just 4 percent for the first nine months of 2013.

Some mortgage brokers see the switch to a mini-correspondent as their only way to stay in business due to provisions in rules from the Consumer Financial Protection Bureau.

Ocwen founder Bill Erbey said agreements between the nonbank servicer and firms it has spun off have been fully disclosed and the relationships operate on an arm’s length basis.

The SEC’s Division of Corporation Finance this week suggested a change to proposed Reg AB2 disclosure requirements in an effort to protect the privacy of borrowers whose loans are included in MBS and ABS.

In the fourth quarter of 2013, Redwood issued one jumbo MBS totaling $325 million and completed whole loan sales of $648 million. Officials at the real estate investment trust said Redwood plans to issue a jumbo MBS in March or April.

Citigroup will not provide representations and warranties for fraud on the MBS and half of the mortgages were originated with stated- or no-documentation.