Meanwhile, stock analysts who were once bullish on Ocwen are now taking out their knives, downgrading or slamming the once high-flying company.

Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…

But Erbey's resignation may not be enough for analysts and investors who have seen the value of Ocwen’s stock plummet the past year.

PHH Mortgage was the top-ranked IO lender, with $9.51 billion in such originations through three quarters in 2014.

Lenders that have considered taping their interactions with borrowers said the recordings can help prevent “he said/she said” situations.

At First Tennessee Bank, for example, its commitments were flat from the second to the third quarter, but average outstandings increased by 13 percent to $861 million.

The nascent single family rental industry is at a crossroads in terms of future growth and long-term staying power...

Skyline said it raised $18 million in equity and debt from Ellington along with Upfront Ventures and Dallas Capital Management.

Many mortgage lenders are going to feel they are “damned if they do, damned if they don’t,” when they learn about the fair lending pitfalls inadvertently lurking in the weeds of compliance with the CFPB’s Truth in Lending Act and Real Estate Settlement Procedures Act integrated disclosure rule and the forthcoming Home Mortgage Disclosure Act rule. “Looking ahead to next year and beyond, the TILA-RESPA integrated disclosure rule could bring additional new risk,” said Colgate Selden, counsel with the Alston & Bird law firm, during a recent webinar on fair lending risk sponsored by Inside Mortgage Finance, an affiliated newsletter. “Some of these are old risks that may have gone away, but are back in some ways,” Selden told attendees. ...

MBA cites competition from GSEs' new low downpayment programs, Senators point to improvements in the FHA's Mutual Mortgage Insurance Fund.