When conflicts of interest were unearthed, Aurora terminated the contract in 2012, leaving $28 million in unpaid bills. But Allonhill wanted its money.

FHA lenders reported $8.7 billion in new originations in January, down from $10.9 billion in December and $23.7 billion from a year ago. Most were fixed-rate mortgages and 77.1 percent were purchase transactions.

The Johnson-Crapo bill would subject Quicken and all the other nonbanks to FDIC-like examinations.

One source close to Wornow said he was especially displeased with Morgan’s lack of enthusiasm for non-agency products.

Some 73 lenders contributed to the security. Also, a portion of First Republic’s loans weren’t subject to due diligence reviews, a relative rarity in the new era of jumbo MBS.

W.J. Bradley Mortgage Capital announced a number of new jumbo mortgage products this week. Among the offerings is a loan with a 10 percent downpayment requirement for balances of up to $850,000.

There has been talk in the market that JPM would unload some of its “high touch” MSRs this year, but so far brokers that play in the space have reported no scheduled auctions.

Early in the morning, Ocwen’s share price was up almost 3 percent, but by noon had settled down. Trading volume was slightly above average.

The report, conducted by Alvarez & Marshall, was making the rounds in Washington Wednesday morning. John O’Neill, a managing director in the evaluation firm of Alvarez & Marsal, confirmed to IMFnews that his company conducted an evaluation on the GSEs for the Blackstone Group.

M&A specialists believe that some lenders obtain their Ginnie approvals merely for the purpose of increasing their franchise value without having solid plans to issue securities.