“We tend to look at most everything if it is mainly performing and is 2010 or later vintage agency product," said Pingora CEO Michael Lau.

We continue to hear reports about a new player in the warehouse lending space that is offering attractive borrowing rates that appear too good to be true.

Republicans also will try to subject the CFPB’s budget to the congressional appropriations process.

Industry observers believe underwriting standards on mortgages in jumbo MBS will continue to loosen, which might weaken investor confidence.

Ocwen officials said the sale of agency receivables has the potential to free-up more than $1.7 billion of capital for the company.

Redfin noted that fewer homes sold in under two weeks this year.

Meanwhile, stock analysts who were once bullish on Ocwen are now taking out their knives, downgrading or slamming the once high-flying company.

Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…

But Erbey's resignation may not be enough for analysts and investors who have seen the value of Ocwen’s stock plummet the past year.

PHH Mortgage was the top-ranked IO lender, with $9.51 billion in such originations through three quarters in 2014.