BancorpSouth said it reserved $13.8 million during the first quarter of 2016 to resolve matters associated with the settlement, and noted that any additional financial impact is expected to be immaterial.
There’s a growing concern about price discounts on Ginnie servicing rights, and a strong belief that the agency is once again getting anxious about so many nonbanks being such large players in the market.
Ocwen experienced the greatest percentage decrease in average monthly complaint volume from the first quarter of 2015 to 1Q16. Then again, Ocwen's servicing portfolio has been shrinking.