The state, in a recent case, took the position that the owner of mortgage servicing rights, whether handling day-to-day obligations or relying on a subservicer, is required to be licensed under state law.

Bank of America has committed funds to expand the Neighborhood Assistance Corporation of America’s low- to moderate-income homebuyers’ mortgage program.

Michael DeVito, former head of home lending at Wells Fargo, will take the helm at Freddie Mac.

Two months after buying AmeriHome Mortgage, WAB is carving up its massive servicing portfolio and selling chunks to the highest bidder. What’s going on? Profits, for one.

Data confirm that forbearance and income support during the pandemic reduced serious delinquency rates. Economists say deferrals and home price increases should help keep them down.

Minority homeowners are much more likely to have significant savings if they refinance, but they’re much less likely to actually get a refi.

If confirmed, Adrianne Todman will be the first African-American woman to serve as deputy secretary at the HUD.

Fannie Mae is feeling slightly more bullish on the origination picture for 2021. Also: Are lenders ready to chop heads?

Margins on originations through the wholesale channel are plummeting, with market leader UWM trying to squeeze competitors. Third-ranked Home Point was operating at breakeven levels in April.

Bulk servicing sales are beginning to catch fire. Credit: rising rates and slower prepayment speeds. Moreover, dealmakers anticipate a red-hot third quarter for transactions.