The unspoken factor affecting Ocwen's immediate future is Benjamin Lawsky and the New York Department of Financial Services.

The Countrywide purchase, completed in the summer of 2008, has cost BofA close to $60 billion in operating losses and legal settlements, depending on how the numbers are counted.

Ocwen watchers have wondered when – or if – New York state will ever bring any formal charges against the company.

One joke making the rounds in Washington this week: Congress is going on its August vacation. How will we know the difference?

Texas was the second largest source of Fannie/Freddie business during the first half, accounting for 7.3 percent of the market.

Not only is Nationstar Mortgage one of the most shorted stocks in the sector, but it seems to be having quite a bit of turnover in the executive suite.

Some 4.1 percent of the mortgages to be included in the MBS missed their July payments, with most of the delinquencies due to transfers to Cenlar, according to the term sheet.

By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.

The CEO also noted that the Great Neck, NY-based company has a $7 million warehouse line of credit with Sterling Bank. “That’s an achievement,” he said.

Hello, It's Me Again: Your foreclosure notice.