In anticipation of a resolution, Ocwen Financial increased its legal and regulatory accrual related to the CFPB matter by $13.1 million in the fourth quarter of 2020.
BofA, which ranked 10th in Inside Mortgage Finance’s third quarter ranking, funds loans through only one channel: retail. Home-equity lending also took a hit: $469.0 million compared to $984.0 million in the third quarter.
In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.
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