Industry vet Bill Dallas of Finance of America: “The next two quarters will be pivotal for mortgage bankers.”

When it comes to MBS guarantees, it would be a pay-as-you-go system...

Investors are flocking to non-QM MBS and losses on the deals have been essentially non-existent. However, some large firms continue to hold out for better protections.

Industry consultant Joe Garrett wonders about LO pay on "easy" loans...

Among the commenters: The National Association of Realtors, which suggested using the DTI ratio as a compensating factor.

The publicly traded Impac is based in Irvine, CA. Its share price is currently at $7.34, more than double what it was in June. Donatacci will split his time between California and New York.

Some are calling for the GSEs’ automated underwriting systems to be used after the QM patch expires to determine whether a mortgage is a QM.

The spokesperson added: “It should be noted that in the recently announced housing finance reform plan, Treasury recommends that volume-based pricing discounts or similar incentives should be prohibited at the enterprises.”

Eli Global (Global Growth) owner Greg Lindberg entered a not guilty plea in the case and just last week filed a motion to dismiss.

Some mortgage market participants suggested the CFPB replace the DTI ratio standard with a different measure, such as a residual income test.