The coronavirus crisis appears to have already sent the U.S. economy into a technical recession, according to economists at Fannie Mae.

Nonbank liquidity remained a contentious issue this week with the FHFA shutting the Fannie/Freddie assistance window as the coronavirus continued to hammer the U.S. economy. Solutions? Maybe the Fed.

In the coronavirus era, mortgage forbearance is the watchword. But just how many loans will go that route? Will Ginnie Mae get swamped?

Wells Fargo has temporarily halted jumbo production through correspondent sellers while Chase, the other major player, is still active.

Megaservicer Mr. Cooper anticipates a large MSR mark for the first quarter, thanks to lower rates and COVID-19. The big question: How bad will it be for the rest of the industry?

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

Small independent mortgage firms may need to tap the small business loan program under the CARES Act to maintain operations.

Milbank has received a one-year, $3 million contract to provide legal services related to ending the conservatorships of the GSEs.

The Internal Revenue Service has temporarily closed its Income Verification Express Service used by lenders to verify borrowers’ tax returns.

Mr. Cooper and Ocwen disclosed relatively healthy financials for the first quarter. However, the overall outlook for nonbank servicers is uncertain