The Federal Housing Finance Agency will unveil nonbank capital guidelines for servicers by mid-year. Also on the docket: Changes to loan level price adjustments..

At yearend, Bank of America serviced $693 billion of home mortgages, a 4 percent decline from Sept. 30.

The layoffs “were in various departments and locations, but the majority of them were in corporate (administrative) departments at our headquarters,” spokesman for the company told IMFnews.

“We’ve seen a huge uptick in FHA streamlines with everyone waiting to order new case numbers,” said company president Eddy Perez.

The FHFA, so far, has declined to provide a budget figure to the general public.

Although JPM reduced the asset value of its mortgage servicing portfolio in 4Q, Wells marked up its MSRs.

Ocwen’s lack of cooperation regarding documents led the agency’s commissioner to issue a subpoena “duces tecum,” which is essentially a court summons.

Meanwhile, JPM marked down the asset value of its residential servicing portfolio to $7.436 billion at Dec. 31, 2014, a 10 percent reduction from 3Q14.

One servicing advisor raised an interesting scenario Tuesday: Maybe Bill Erbey will swoop in and buy all of Ocwen’s shares and take the whole thing private.

Sources believe that Ocwen eventually will work out a settlement with the state.