The Mortgage Bankers Association is pressing regulators and legislators for uniform national requirements for testing of loan originators. In a shift from the bank-friendly issues frequently pursued by the trade group, the MBA is calling for testing requirements that currently apply to nonbanks to be expanded to banks. “MBA believes that all consumers should know that every LO, regardless of what type of lender they work for, meets a demonstrated minimum threshold of knowledge of mortgage lending by passing a test,” the trade group said. The changes sought by the MBA would also allow...

Ocwen watchers have wondered when – or if – New York state will ever bring any formal charges against the company.

The changes sought by the MBA would also allow mortgage loan officers at banks to more easily transition to working for nonbanks.

The unspoken factor affecting Ocwen's immediate future is Benjamin Lawsky and the New York Department of Financial Services.

The Countrywide purchase, completed in the summer of 2008, has cost BofA close to $60 billion in operating losses and legal settlements, depending on how the numbers are counted.

Among the nation’s top five servicers, all suffered a decline in their MSR portfolios. Among the top 30, 20 firms saw a reduction in housing receivables.

By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.

The CEO also noted that the Great Neck, NY-based company has a $7 million warehouse line of credit with Sterling Bank. “That’s an achievement,” he said.

Hello, It's Me Again: Your foreclosure notice.

Some 4.1 percent of the mortgages to be included in the MBS missed their July payments, with most of the delinquencies due to transfers to Cenlar, according to the term sheet.