Compared to two years ago, staffing levels at the CFPB have increased a whopping 55 percent. Of course, Congress has no say over the agency’s budget.

A spokesman for Ocwen – which is also the nation’s eighth largest Ginnie Mae servicer – declined to comment on anything having to do with buyouts.

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…

One source told IMF that in some instances, certain nonbanks have been asked by the agencies to hold “more capital” in reserve accounts than other seller/servicers.

Many of those winning bidders are hedge funds with Wall Street backing, including Lone Star Funds and Bayview Asset Management.

CalCap is about to enter the Phoenix market and is considering other western states as well.

The $227 million portfolio is top heavy with California product which accounts for roughly 62 percent of the receivables.

Ocwen Financial, whose stock has been clobbered this year, recently increased the base salary of its chief financial by $50,000...

According to the offering circular, the package has no delinquencies and a coupon of 3.70 percent.

Special servicers continue to outperform the big banks when it comes to dealing with distressed mortgages, and that bodes well for the future of transferring distressed servicing rights, according to a new report by analysts at Compass Point Research & Trading. “Servicers have been under a ton of scrutiny in the past several quarters due to their servicing practices,” the analysts said, based on their review of homeowner complaints to the CFPB. “However, as the complaint data show, the special servicers screen as being significantly better at servicing distressed mortgages compared to the big banks.” According to their analysis, US Bank (18.2 percent), PNC Financial (14.8 percent) and SunTrust (11.3 percent) have had the highest level of complaints per delinquent ...