Four other banks were released from similar restrictions by the OCC earlier this year...

The SAFE Transitional Licensing Act of 2015 had strong support from the Mortgage Bankers Association, The Community Home Lenders Association and other trade groups.

Last summer, Chase started offering jumbos with credit scores as low as 680 and downpayments as small as 15 percent. Previously, the bank required credit scores of at least 720 and 20 percent down…

First-time buyers tend to target homes with lower prices, which have been in particularly short supply recently.

DBRS cautioned that the representations and warranties on the deal are relatively weak and include a sunset provision after 13 months.

Another week, and another lender sued by DOJ...

“If nothing is done in the near term, the natural progression could be a spillover of mortgage originations that favor the private-label market,” S&P said.

But Moody’s acknowledged that mortgage warehouse securitizations can be operationally complex.

KBRA noted that most nonbanks with large holdings of MSRs don’t hedge large swaths of their portfolios…

Ocwen Financial continues to rule the roost in terms of subprime servicing…