A new type of subprime lending may be emerging and Ocwen Financial hopes to be a trailblazer.

In other subprime news, industry veteran Jon Daurio was recently in New York talking to potential investors about his new nonbank venture, Nikkael Capital Corp.

The Consumer Financial Protection Bureau, which inherited RESPA enforcement from HUD, has been leaning on this test in such enforcement actions of its own.

The HUD NPL auction features 5,000 delinquent single-family loans totaling $1 billion in unpaid principal balances with representations and warranties.

Impac Mortgage released a statement on the sale of a servicing affiliate, but was light on details, including the identity of the buyer.

Bill Dallas sees NewLeaf table funding a huge amount of mortgages through brokers next year.

What's the outlook for making mortgages collateralized by homes located in federal flood plains? Answer: Not so good.

The fast growing Walter Management also will sell $500 million worth of senior notes through a private placement.

Just how big is Wells Fargo's Ginnie Mae market share? At Sept. 30, the bank controlled 31.53 percent of the market. Its closest competitor was JPMorgan Chase with a mere 11.75 percent.

“Eminent domain may be a local matter, but in the context of seizing mortgages, its use would have national consequences,” the four senators write in their letter to Treasury Secretary Jack Lew.