Meanwhile, JPM marked down the asset value of its residential servicing portfolio to $7.436 billion at Dec. 31, 2014, a 10 percent reduction from 3Q14.

One servicing advisor raised an interesting scenario Tuesday: Maybe Bill Erbey will swoop in and buy all of Ocwen’s shares and take the whole thing private.

Sources believe that Ocwen eventually will work out a settlement with the state.

Meanwhile, new revelations about regulatory problems in California are likely to make Ocwen’s disposal of servicing rights problematic.

The CFPB found that 70 percent of mortgage customers rely on their lender or broker to obtain loan pricing information.

The Council of Federal Home Loan Banks said the FHFA has shown “no compelling need” for the proposed changes to membership standards.

For short sellers, Ocwen Financial is the gift that keeps on giving.

The two top banks increased their HEL holdings from midyear, and industry analysts expect home-equity lending to continue to increase in 2015.

Despite Cordray's proclamation, loan production fell by 35 percent last year, but all that was tied to refis plunging. Right?...

Patrick Flanagan, Cove’s CEO, was once the president of New Century Mortgage, a now-defunct subprime giant