The mortgage servicing market grew for 226 consecutive quarters from March 1951 (when the Fed started quarterly calculations) to the first quarter of 2008, when it peaked at $11.321 trillion.

For the past year, Nationstar Mortgage has been working toward offering a non-QM refinance product.

But an overall reduction in servicing rights will come as it continues to shed "default servicing," which the bank has quite a bit of.

Interactive Mortgage Advisors is working on several servicing transactions totaling about $20 billion in product. But the receivables are being offered through private negotiation only...

Although much of the discussion about nonbank servicing standards has focused on capital, the CSBS framework will cover considerably more ground than that.

And let the selling begin! 2015 could be a banner year for MSR sales.

When it comes to market share, subservicers control 12.3 percent of all U.S. housing receivables.

"I prefer Ocwen over any other servicer to the extent they continue the same practices," said investor John Devaney, CEO of United Capital Markets.

Still, industry representatives were less than thrilled, including the Consumer Bankers Association.

In total, 16 groups signed the letter, including the American Bankers Association, the Community Mortgage Lenders of America, and the National Association of Realtors...