Servicing

One of its highlights was technology, data and analytics where revenue rose 11% to $192 million. Its EBITDA margin was 26.7%, up 460 basis points from last year.

The National Association of Independent Housing Professionals has formally asked the Consumer Financial Protection Bureau to grant an extension on the filing of mortgage call reports for those in the FEMA disaster areas.

Some potential investors wanted to pay cash for the REO pools and take title to the properties right away but FHFA nixed the idea.

Only Citi and JPMorgan face the highest surcharge, while Bank of America, Bank of New York Mellon, Goldman Sachs and Morgan Stanley must hold 1.5% in extra capital. Citi, JPM and B of A are top five players in mortgage banking.

The government owned bank will fund jumbo mortgages through brokers and correspondents.

Are you a mortgage broker or a mortgage lender? As of August regulations required you to have an AML manual in place to check for and report not only money laundering but also suspicious activity.

Overall, guarantee fees are as high now as they have been at any point during roughly the last decade, partly reflecting price increases that Fannie Mae and Freddie Mac implemented in early 2008 as the housing market collapsed.

The President also signed federal emergency declarations for Connecticut, Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Virginia and West Virginia -- at the request of state governors.

Ocwen's share price continues to trade near its 52-week high.

Ocwen, in late October, entered into an agreement to purchase reverse mortgage banker, Genworth Financial Home Equity Access, Inc. for $22 million in cash.