FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I wonder if we haven’t gone too far.”

One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.”

Currently, the bureau does not permit title insurance companies to disclose available discounts…

Ocwen very well could be sold through an “asset” sale, observers told Inside Mortgage Finance…

Some history: When GMAC imploded earlier in the decade, some of its GSE servicing rights were sold to Ocwen. Ocwen eventually sold those contracts to Nationstar.

CoreLogic also will provide fair-market list prices to HUD…

Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…

What’s SoFi worth? The market may soon find out…

Moreover, escrowed homeowners insurance premiums may count as “points and fees” due to ambiguous drafting in the regulation…

Who will replace Dave Stevens at MBA? The speculation has already begun...