The preliminary findings are not pretty: 55 percent of lender/servicers lost money in 4Q compared to just 4 percent for the first nine months of 2013.

In an earnings call this week, company founder and Executive Chairman Bill Erbey offered no further insight as to when the sale will be approved.

What does the seller of the MSRs think about what's going on with the DFS? A spokesman for the nation's largest lender and servicer told IMFnews: "Wells Fargo has not been a party to any discussions with the New York Department of Financial Services regarding Ocwen."

For the full year, Freddie posted net earnings of $48.7 billion, but executives at the GSE promised those profits will never, ever be achieved again.

Investment banking firms have made a killing the past three years doing “spin-offs” for Ocwen and its peers. If Lawsky continues on what’s perceived by banking executives as a witch hunt, the spin-offs could end…

Fear and loathing when it comes to mortgage servicing sales? Maybe now, but not in 2013.

Residential funders that relied heavily on refis, such as CashCall, have either shuttered operations or scaled back their significantly.

Of course, Ocwen is hardly alone when it comes to having a large overseas mortgage workforce. Wells Fargo and Nationstar, we’re told, also have decent sized back office operations in India…

Then again, acquirers also may find that companies that need to sell might have a hard time admitting as much. “I’m seeing a ton of interest on the buy-side these days,” said Larry Charbonneau, a principal in Charbonneau & Associates.

Under the terms of the credit facility, PennyMac can sell RBS “newly originated mortgage loans that it purchases from correspondent lenders.”