“Our intention is to be a top tier lender,” said Newman.

it appears the halcyon days of legacy MSR sales are over. Or so Ocwen is telling Wall Street.

"Wellington's going to do what Wellington's going to do," said one observer of the stock sale.

We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.

Since the housing bust, very few mortgage firms have securitized MSRs, though they have used securitization vehicles for advances.

Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.

A number of banks have been motivated to reduce their MSR holdings because of concentration limits imposed by the emerging Basel risk capital rules.

CitiMortgage performed the worst on the assessment of non-agency HAMP activity for the second quarter of 2014, with the Treasury claiming that the servicer needs to make substantial improvements.

MBA's Gross noted that the cost of changing external auditors is “significant,” both for large and small seller/servicers, whether they are public or not.

One question we occasionally hear is this one: If the GOP this fall gains control of the Senate can’t they just push through a GSE reform bill and hope to override a presidential veto, if there is one?