Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...

"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.

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

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.

One source said the $3 billion “traded a few weeks back,” but could offer no more color on the transaction.

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?

The top contributor to the new Redwood jumbo MBS is First Republic Bank with an 18.2 percent market share.

Does JPM's Jamie Dimon really care about the mortgage business? Or is he in it for the CRA credits?

In an environment with limited jumbo originations, the transaction gives Chimera access to a large amount of seasoned residential mortgages that can be securitized into new investments.