The newly-originated adjustable-rate mortgages have a weighted-average coupon of 7.387 percent and an average credit score of 688, according to Bank of America Merrill Lynch.

The rate of borrowers 60 days or more delinquent on their mortgages fell to 2.72 percent in the second quarter of 2015, according to TransUnion.

Historically, the turn time for the Income Verification Express Service program has been around two business days or less. Not anymore.

Overall, delinquencies remained below levels seen a year ago...

Ocwen faces the potential loss of non-agency MBS servicing on two fronts but so far investors are not pulling the trigger...

Meanwhile, Ocwen has been shifting as many of its servicing workers overseas as possible...

Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.

A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent.

The brunt of the new revenue also looks as though it will be collected from mortgage borrowers.

The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.