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.

Lenders that have considered taping their interactions with borrowers said the recordings can help prevent “he said/she said” situations.

At First Tennessee Bank, for example, its commitments were flat from the second to the third quarter, but average outstandings increased by 13 percent to $861 million.