The retail share of new residential originations declined slightly, to 60 percent, in the fourth quarter after climbing steadily during the first nine months of the year.

Ocwen founder Bill Erbey said agreements between the nonbank servicer and firms it has spun off have been fully disclosed and the relationships operate on an arm’s length basis.

Investment banking firms have made a killing the past three years doing “spin-offs” for Ocwen and its peers. If Lawsky continues on what’s perceived by banking executives as a witch hunt, the spin-offs could end…

Fear and loathing when it comes to mortgage servicing sales? Maybe now, but not in 2013.

For Ginnie Mae mortgage-backed securities issued in January 2013, the average reported credit score was 701 and the average DTI ratio was 38.0. By December, the average FHA credit score was down to 680, while the average DTI ratio was up to 40.3.

Residential funders that relied heavily on refis, such as CashCall, have either shuttered operations or scaled back their significantly.

The SEC’s Division of Corporation Finance this week suggested a change to proposed Reg AB2 disclosure requirements in an effort to protect the privacy of borrowers whose loans are included in MBS and ABS.

In a heavily redacted draft memo released to the public, the Inspector General of FHFA found that while the agency had reviewed and examined the GSEs’ executive compensation, it did not keep close tabs on "non-executive senior professional compensation practices."

Of course, Ocwen is hardly alone when it comes to having a large overseas mortgage workforce. Wells Fargo and Nationstar, we’re told, also have decent sized back office operations in India…

In the fourth quarter of 2013, Redwood issued one jumbo MBS totaling $325 million and completed whole loan sales of $648 million. Officials at the real estate investment trust said Redwood plans to issue a jumbo MBS in March or April.