HLSS also misstated its net income in 2012, 2013 and the first quarter of 2014.

In his rebuttal to the IG’s findings, FHFA acting deputy director of conservatorships, Bob Ryan, concurs with some of the IG’s recommendations but takes issue with other aspects of the report.

According to the offering circular, the collateral resides in all 50 states with Ohio having the highest chunk at a mere 8.1 percent.

Not only are Fannie Mae and Freddie Mac spending more money than they were a few years ago, but their proposed budgets are being submitted late, says the IG.

Where's the demand? Only seven jumbo MBS were priced during the third quarter.

Investors are unhappy with the performance of Walter's stock price...

The use of proprietary mods by banks was essentially level compared with the second quarter of 2014 while the number of HAMP restructurings declined by 42.9 percent.

On the conventional product, the loans have an average age of 23 months and delinquencies in the 3.0 percent range. Almost 80 percent of the loans are in California.

One technology source told IMFnews: “I know a few LOS [providers] that are still correcting payment calculations.”

Anyone familiar with equities knows that shorting stocks can be a dangerous game. Then again, it's Ocwen...