Thanks to its settlement with California regulators, Ocwen's share price is on the rise. But for how long?

Final testing and training for IOPP began this winter, with deployment expected “in early 2015,” Ginnie Mae said.

Declining interest rates don't appear to have affected the servicing auction market much.

Ocwen denied that there is any basis for a default under the trust agreements...

Sterne Agee estimates that such settlements could cost the nation’s fourth largest servicer $496 million.

As part of the settlement, the DBO will drop its effort to suspend Ocwen’s license in the state.

Just because a notice of default is signaled, that doesn’t mean the trustee has to yank the servicing away from Ocwen.

Standard & Poor’s agreed this week to a settlement with the Securities and Exchange Commission and two state attorneys general regarding ratings on commercial MBS and non-agency MBS. Regulators suggest that further actions involving the ratings services are in the works, likely including a much larger settlement with S&P regarding activity before the financial crisis. S&P’s settlement this week involved post-2010 activity. The rating service agreed to pay the SEC and attorneys general for New York and Massachusetts more than $77 million. S&P will also take a one-year “timeout” from rating conduit/fusion commercial MBS. “They lied...

The CFPB and the Maryland AG also took action against former Wells Fargo employee Todd Cohen and his wife, Elaine Oliphant Cohen, for their alleged involvement.

MBA's Dave Stevens did not mince words, calling the CFPB product "the most misleading and inaccurate tool that will do anything but help prospective homebuyers.”