What does the seller of the MSRs think about what's going on with the DFS? A spokesman for the nation's largest lender and servicer told IMFnews: "Wells Fargo has not been a party to any discussions with the New York Department of Financial Services regarding Ocwen."

Commenting on Fairholme's court victory, one GSE observer quipped: “Game on.”

For the full year, Freddie posted net earnings of $48.7 billion, but executives at the GSE promised those profits will never, ever be achieved again.

Walter Investment, the parent of Green Tree, said it anticipates meeting with the regulator in the near future to get a better understanding of its concerns and to see if the matter can be resolved.

The retail share of new residential originations declined slightly, to 60 percent, in the fourth quarter after climbing steadily during the first nine months of the year.

Ocwen founder Bill Erbey said agreements between the nonbank servicer and firms it has spun off have been fully disclosed and the relationships operate on an arm’s length basis.

Investment banking firms have made a killing the past three years doing “spin-offs” for Ocwen and its peers. If Lawsky continues on what’s perceived by banking executives as a witch hunt, the spin-offs could end…

Fear and loathing when it comes to mortgage servicing sales? Maybe now, but not in 2013.

For Ginnie Mae mortgage-backed securities issued in January 2013, the average reported credit score was 701 and the average DTI ratio was 38.0. By December, the average FHA credit score was down to 680, while the average DTI ratio was up to 40.3.

Residential funders that relied heavily on refis, such as CashCall, have either shuttered operations or scaled back their significantly.