The nonbank is working on another round of cost-cutting measures.

Ocwen management estimates its book value is $58.00 per share.

Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.

The combined servicing portfolio of the top 50 servicers grew at more than double the rate of increase for total servicing outstanding in the third quarter.

Production was essentially level compared with the second quarter and margins improved.

Acquisitions helped boost Mr. Cooper to the third largest GSE servicer as of the end of September, up from number eight in the ranking as of the end of June.

Among a group of 26 banks, mortgage banking income increased by 9.9% in the third quarter.

FSOC plans to set new standards for applying a “systemically important financial institution” designation to nonbank financial companies.

Complaints about mortgages were down 6.2% compared with the second quarter.

Prices were up 5.6% on an annual basis in August, according to FHFA.