“Auctions would determine the market prices of those guarantees and allocate them to the lenders who most valued them,” the CBO said.

The National Association of Realtors recently estimated that in 2014, nearly 234,000 creditworthy borrowers were priced out of the housing market because of high FHA insurance premiums.

On an annualized basis, Ocwen Financial is still profitable and has a price-to-earnings ratio of 10.

Of course, we’re waiting to see what Republicans on Capitol Hill think of a cut in FHA premiums…

A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...

“There’s a lot of 60- and 70-year old mortgage managers out there.”

BofA has been a steady seller of mortgage servicing rights the past three years and seems to have no interest in being a subservicer.

SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.

MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”

Are recent graduates of business schools avoiding the mortgage industry?