According to the Inside Mortgage Finance MBS Database, the original unpaid principal balance of the PLS deals in question was almost $40 billion.

Mortgage advisors at Sindeo are paid a flat fee for every mortgage closed. Bonuses are based on customer satisfaction.

The increased market share for first-time homebuyers is part of a seasonal trend that has occurred in each of the past three years.

Another concern was that out-of-state call center lenders might not know the local lending laws, which can result in delayed closings.

“I’m wondering how many people buy homes outside of buying them with cash,” Ryan said during the webinar. “To me it’s that serious.”

Ocwen received a subpoena from the Securities and Exchange Commission and another subpoena from the SEC appears to be on the way.

Lenders spend an inordinate amount of time responding to FHA indemnification requests about minor concerns that in many cases are ultimately revoked, according to the Mortgage Bankers Association.

Of the more than 50 jumbo mortgage-backed securities issued since 2010, only one has taken a loss.

Fannie and Freddie held a combined $252 billion in Alt A and subprime mortgage assets at the end of June, down 18.3 percent from the second quarter of 2013.

Mystery continues to surround the seller of that $27 billion MSR package...