Nonprime servicing portfolios fell by 0.7% in 4Q20 and 4.1% year-over-year. But Select Portfolio Servicing boosted its receivables during the year. (Includes data chart.)

The volume of jumbo servicing handled by 30 of the top firms in the sector declined by nearly 6% in 2020. The share of borrowers missing payments is increasing. (Includes data chart.)

The settlement was reached lass than a week after Caliber filed a lawsuit alleging that Sagent was holding Caliber's data "hostage."

If the FHFA’s assessment is correct, mortgage servicers can withstand a substantially deeper economic downturn than originally thought.

Industry experts have identified the TALF program as a vehicle the government could use to help fund nonbank mortgage servicers.

Democratic lawmakers have urged federal entities to take steps to help servicers. Meanwhile, CFPB issued best practices for MSR transfers.

If servicers’ cash crunch becomes critical, the onus of creating a liquidity facility would fall on the Federal Reserve and Treasury, not on the FHFA, agency Director Mark Calabria said.

House Republicans are pushing Federal Reserve and Treasury to create a liquidity facility for mortgage servicers struggling to fund advances.

Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers.

The support mortgage servicers receive during the coronavirus crisis may be used as a cudgel to enforce key changes.