Rep. Ed Royce of California: "Money coming in from the GSEs should go to the taxpayers instead of a slush fund for ideological housing groups to play around with.”

New Penn also reorganized its origination channels, consolidating wholesale and correspondent, while adding a mini-correspondent business line.

According to Inside Mortgage Finance, among the top 15 jumbo originators eight are nonbanks.

The data to be reported under the CFPB’s proposal likely will inflame the current fair lending regulatory environment.

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…

Sen, Menedez added: “These [programs] were not the drivers of the financial crisis. We’re going to hear the opposite of that in the next session of Congress.”

The new plea from the CHLA comes at a time when depositories are losing origination market share to fast growing nonbanks like Freedom Mortgage, United Wholesale Mortgage and others.

Compared to two years ago, staffing levels at the CFPB have increased a whopping 55 percent. Of course, Congress has no say over the agency’s budget.

A spokesman for Ocwen – which is also the nation’s eighth largest Ginnie Mae servicer – declined to comment on anything having to do with buyouts.

United Wholesale Mortgage is also one of the largest originators of residential loans with lender-paid mortgage insurance.