The changes sought by the MBA would also allow mortgage loan officers at banks to more easily transition to working for nonbanks.

The unspoken factor affecting Ocwen's immediate future is Benjamin Lawsky and the New York Department of Financial Services.

The Countrywide purchase, completed in the summer of 2008, has cost BofA close to $60 billion in operating losses and legal settlements, depending on how the numbers are counted.

By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.

Hello, It's Me Again: Your foreclosure notice.

“I don’t see how New York can’t ultimately approve Wells’ sale of servicing to Ocwen,” said one analyst. “I think it’s more a matter of when.”

A formal recorded vote has been requested and at press time was pending before the committee.

Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...

The CFPB also is proposing that financial institutions provide more information about underwriting and pricing.

In mid-July senior White House staff, Treasury officials and the staffers from the Council of Economic Advisers met with representatives from a number of industry trade groups to discuss housing finance reform.