S&P's downgrades have numerous implications for Ocwen’s servicing of loans in non-agency mortgage-backed securities.

VantageScore suggested that lending to "upsiders" and "minimalists" can be accomplished without increasing default risk.

The FOMC said it will increase rates when it sees further improvement in the labor market and inflation looks to be under control.

The lender had $1.69 billion in mortgage originations in 2014, according to estimates by Inside Mortgage Finance.

Higher interest rates prompted declines in applications for both refinances and purchase mortgages.

The revised consent orders include limitations on the acquisition of mortgage servicing rights outside of the banks' own originations and limitations on outsourcing servicing functions.

Wells Fargo and JPMorgan Chase posted strong gains in first-lien holdings during the first quarter, and they were the biggest jumbo mortgage originators during that period.

The final rule approved by the FDIC requires escrows for flood insurance to be implemented on a “tripwire” approach.

The NCRC said Bank of America, Discover Bank, Synchrony and TD Bank, among others, have supported the program.

Potential borrowers have misperceptions about requirements for credit scores, downpayments and income, according to results from a survey by Wells Fargo and Ipsos Public Affairs.