The transaction includes about 123 loans and is expected to close by August
Refi activity also rose to 46.6% of total mortgage applications from 45.4%
As many experts have pointed out, mortgage credit is too tight and a new report suggests the uncertainty around servicing delinquent mortgages may be to blame.
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The failed tests include sending pre-foreclosure letters to borrowers and notifications to people seeking mortgage modifications.
The bank told an independent settlement monitor it has completed more than half of the consumer relief portion of a $13 billion settlement.
The outspoken lawmaker isn't thrilled about a provision in a spending bill that the House passed last week, but she saves most of her criticism for one Wall Street giant.
The Atlanta-based servicer is under fire again as a new regulator claims it can't rely on the information it's receiving from Ocwen.