Until mid-month, many nonbanks were writing loans hand-over-fist, but warehouse capacity in the COVID-19 era is running low. Also, there’s a snafu at BNY Mellon.

Nonbank lenders and mortgage real estate investment trusts stand to gain from expanding the eligibility requirement for FHLBank membership, according to industry comment letters.

To hedge MSRs or not to hedge? That’s the question of the day. It appears that many shops, including the top-ranked Mr. Cooper, are getting in line.

The CFPB is allocating significant supervisory resources to learn about programs servicers are offering borrowers and policies that have been enacted.

The overall forbearance rate is levelling off but loans packaged into non-agency MBS and those held in portfolio showed a relief-request reading of 10.18%, up 15 basis points.

Given the current state of economic affairs in the nation, a nonbank mortgage company pulling off a public offering of stock seems like a long shot. Right? Maybe not.

Independent mortgage bankers heaved a sigh of relief after the Federal Housing Finance Agency said it will re-propose the minimum financial eligibility requirements for single-family seller/servicers.

The GSEs and non-agency lenders are asking self-employed borrowers to submit more documents than what was required earlier this year.

The flow MSR market was all but dead a month ago but a revival of sorts is now underway. But don’t get too excited. Pricing isn’t great for sellers.

HUD Secretary Ben Carson told lawmakers he will cooperate with an inquiry into whether a new policy prevents DACA recipients from receiving federally backed mortgage loans.