Getting information out of Seterus about its business is like trying to crack the Kremlin.

As loan quality improves, it endangers the job prospects for "high-touch" servicing specialists.

Although Ocwen is out of compliance with the NYSE, it continues to sell mortgage servicing rights. Late Monday it disclosed a $25 billion MSR sale to Nationstar.

Eric Rosenzweig, principal at Stone Point Capital, sees many business plans from people who want to get into the non-qualified-mortgage space.

The CFPB amendments cover nine primary topics, including force-placed insurance and loss mitigation...

Fitch said the downgrade was tied to Green Tree’s “aggressive portfolio growth,” noting that the nonbank grew its MSR portfolio by almost three-fold over the past two years.

Sources note that earlier in the year, the privately held Carrington was the winning bidder on a roughly $20 billion package of Ginnie MSRs sold by BofA.

But when the letter first came to light one little fact was not readily known: that Devaney was also an Ocwen shareholder.

But now comes the hard part for Ocwen: Unloading Fannie Mae and Freddie Mac receivables that have delinquencies.

"There was a deal, but it went by the boards," said one source close to the servicer.