The servicing monitor then hired an independent accounting firm, McGladrey, to retest Ocwen’s performance on a number of metrics tied to the national servicing settlement.

More than half of Fannie’s MBS flow in November came from refinance loans, the first time since March that purchase mortgages accounted for less than half of its business.

Based on the upward production trend over the last three quarters, it appears the private MIs are on their way to a strong close at year-end.

The monitor said Green Tree is working toward addressing issues that caused the servicer to fail eight metrics that were tested in the fourth quarter of 2013.

Roughly 86 percent of the mortgages were correspondent originations.

Moreover, CMLA wants lower guaranty fees for seller/servicers...

Aquiline is headed by Jeffrey Wayne Greenberg, son of former AIG chairman Maurice “Hank” Greenberg.

Bank and thrift MSR holdings peaked at $5.977 trillion back at the end of 2009.

Ocwen also did not disclose what it paid to acquire the nonperforming loans or who the buyer was.

As of September 30, banks and thrifts held $15.50 billion in repurchase reserves, most of it tied to Fannie/Freddie loans.