The Consumer Financial Protection Bureau issued a no-action letter template for mortgage servicers to use when digitizing their loss-mitigation process.

Some 4.7 million Americans are under a pandemic-related forbearance plan. However, the pace of new requests seems to have slowed.

The warehouse sector is in a historic sweet spot: Nonbanks are making money hand-over-first, while accepting the tighter underwriting requirements placed on them. (Includes data charts.)

With combined assets worth about $6.1 trillion, Fannie Mae and Freddie Mac will need to set aside roughly $250 billion in leveraged capital in order to comply with the new rule.

In the COVID-19 era, lenders have been hampered by credit tightening and forbearance edicts, but an odd thing has occurred: Profit margins on new loans are phenomenal.

Two top non-QM lenders have resumed activity but with fewer products and tighter underwriting. The secondary market is also reopening.

Pushing back on the criticism, FHFA Director Mark Calabria said servicers appear able to withstand a substantially deeper economic downturn.

The OCC finalized the Community Reinvestment Act regulation only 41 days after the comment period closed in mid-April.

A $3 trillion stimulus bill passed by the House has set the stage for negotiations with Senate Republicans.

Delinquencies on mortgages in agency MBS surged in April amid financial difficulties prompted by the coronavirus. Loans were performing well before the pandemic. (Includes data chart.)