The supply of outstanding ABS itself fell slightly in the fourth quarter, down 2.3 percent to $704.91 billion...

“I think that criticism is badly misplaced,” said CFPB Director Richard Cordray during a speech before the Consumer Bankers Association in Phoenix.

Among the top 10 non-agency jumbo mortgage producers in 2015 just two are nonbanks: PHH Mortgage and Redwood Trust.

Refinance activity was heavy in the first half of 2015, and jumbo borrowers typically have more to gain by pulling the refi trigger.

PHH has retained Credit Suisse Securities and J.P. Morgan as financial advisors and Jones Day as legal advisor “to assist in the process.”

How well the nonbanks have done with regulators – and dealing with volatile interest rate swings – is best looked at through the prism of their share prices. And in that regard, Ocwen Financial has suffered the most, easily.

The Federal Housing Finance Agency cautioned that the pilots are in their early stages...

Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.

PHH has been losing money and so far this year its stock price has been hammered.

Zais said a strategic review of the REIT will continue, including exploration of a possible sale or even a liquidation of the company’s assets.