The new jumbo MBS from Five Oaks includes representations and warranties that do not sunset.

Radian, said Ibraham, expects to be fully compliant with the PMIER rules and the sale of RAA will help the company “accelerate our ability to do so.”

Wells Fargo and JPMorgan Chase increased their first-lien holdings compared to 3Q 2013 while Bank of America and Citigroup experienced a decline.

It’s anticipated that in the coming year nonbanks will continue to steal production market share away from depositories.

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…

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.

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.

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