“Of course, there are no guarantees, and all of our announced sales may not close as we currently envision,” said Ocwen's Ron Faris.

ARM MBS production by Fannie and Freddie in the first half of 2015 was down 20.1 percent from a year ago.

Stop the office renovations? The CFPB may be unconstitutional after all...

So far, the privately held Angel Oak has said little about its securitization plans, as has its partner on this adventure, Nomura Securities.

The Securities and Exchange Commission recently loosened risk-retention requirements somewhat for collateralized loan obligations, giving in to requests from industry participants. Risk-retention requirements for non-residential securitized products, including CLOs, take effect Dec, 24, 2016. Federal regulators issued a final rule for risk-retention requirements in October 2014 and CLO industry participants have been working since then to try and get regulators to address issues created by the final rule. In mid-July, Crescent Capital Group wrote...

Effective immediately, any Ginnie Mae issuer that wants to bring servicing in-house from a subservicer must get the agency’s prior written approval...

Bank of America, ranked third, continued to unload servicing and pared its holdings by 8.9 percent during the second quarter.

Over the past few months, several high level executives have left Nationstar Mortgage.

The average loan balance in the package is $214,935.

But Garrett also noted: “Congress should kill the CFPB, or at least de-fang it, but until it does, total compliance is necessary.” That’s more like it…