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…

One consultant said many lenders are now reviewing their MSAs and may follow the lead of Prospect.

In particular, Wells said it would “withdraw from mortgage marketing services and desk rental agreements with real estate firms, builders and certain other referral sources.”

Are more lenders considering selling their companies because of large potential fines they’re facing from the CFPB and HUD?

Lykken said he wants to transform "one company at a time."

“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…

The lender could not provide any volume figures, but Logemann said one in 10 inquiries she receives “has some element” of a consumer who has gone through a foreclosure or short sale

Meanwhile, the thrift’s gain-on-sale profit totaled 121 basis points compared to 127 in 1Q and just 82 in the second quarter of 2014.