Ed DeMarco might possibly name a chairman for the CSP platform and let Mel Watt have the final say on the CEO slot. Two mortgage executives interviewed for the CEO job include Peter Carroll and Luke Hayden.

Nonbanks are better than banks at controlling foreclosure timelines and servicing costs, according to industry analysts. Nonbank special servicers have significantly increased their servicing portfolios in the past year and expect to acquire even more servicing from banks in 2014. “The cost of servicing for banking institutions has increased in lockstep with the additional processes to maintain compliance with regulatory requirements,” according to Fitch Ratings. “In response, a number of large banks have employed ...

Is the mortgage servicing sales market beginning to slow? Not in the least. Nationstar and Walter are active buyers.

Inside Mortgage Finance is hearing rumblings about a mid-sized nonbank that was contemplating an initial public offering pulling the deal.

A new type of subprime lending may be emerging and Ocwen Financial hopes to be a trailblazer.

The Consumer Financial Protection Bureau, which inherited RESPA enforcement from HUD, has been leaning on this test in such enforcement actions of its own.

The HUD NPL auction features 5,000 delinquent single-family loans totaling $1 billion in unpaid principal balances with representations and warranties.

Impac Mortgage released a statement on the sale of a servicing affiliate, but was light on details, including the identity of the buyer.

In other subprime news, industry veteran Jon Daurio was recently in New York talking to potential investors about his new nonbank venture, Nikkael Capital Corp.

Several large bulk MSR deals are pending, but can they get done before year-end?