The use of proprietary mods by banks was essentially level compared with the second quarter of 2014 while the number of HAMP restructurings declined by 42.9 percent.

The deal includes a provision allowing Bayview to sell loans out of the MBS one year from now.

Ginnie Mae executive Michael Drayne raised concerns about the growing reliance on subservicers and whether there’s enough capacity at these companies...

CFPB Director Richard Cordray believes the mortgage industry overreacted on the issue...

Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.

The new non-agency security has credit enhancement of 49.9 percent on the top-rated tranche.

The evidence is somewhat suspect because as the analysts noted, the 43 percent cap on DTI ratios for QMs doesn’t currently apply to the FHA, VA or GSE mortgages.

Ocwen has so many workers in India that it hedges its risk against the currency there, the Rupee.

“It was a great channel for some time, but the competitive landscape is expanding rapidly,” said one executive at the company.

Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.