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    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

Servicing The Ticker

Market views Ocwen earnings as bellwether for servicing

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What's going on in servicing? Quite a bit, analysts with Sterne Agee claim in a new report. But to gauge the real trajectory of the market, analysts eagerly await upcoming earnings from the nation's top servicers. Sterne Agee had this to say about Ocwen's (OCN) third-quarter earnings, which is slated for a Thursday release.

We are looking for Ocwen to report 3Q13 EPS of $1.14 vs consensus of $1.09. The one soft spot in our estimate is mortgage origination; we have been estimating that refinance/recapture activity will generate an estimated $1.1 billion in direct origination volume. This activity accounts for approximately $0.12 of our estimate.

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