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COVID-Related Charges Tank GSE Earnings

May 7, 2020
Dennis Hollier
A 91% drop in GSE earnings during 1Q has raised concerns about their second-quarter performance and exit from conservatorship.
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Mortgage Applications Slow in COVID-19 Hot Spots

May 7, 2020
Brandon Ivey
States with a higher case rate of coronavirus infections saw a larger drop in purchase-mortgage applications in March, according to the CFPB.
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Guaranteed Rate Settles FHA Underwriting Violations

May 7, 2020
Maria Volkova
A whistleblower-initiated investigation has resulted in Guaranteed Rate agreeing to pay $15 million for violating False Claims Act rules.
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Lawmakers Ask Servicers to Provide Consistent Information

May 7, 2020
Maria Volkova
The House Financial Services Committee has asked servicers to disseminate consistent information about pandemic-related forbearance options.
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COVID-19 Fallout Hammers Freddie’s 1Q20 Revenue

April 30, 2020
The economic damage caused by the pandemic took a bite out of Freddie’s first-quarter results. More trouble lies ahead, including forced MSR transfers.
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Mr. Cooper Exits Wholesale. A One-Off or a Trend?

April 30, 2020
Paul Muolo
When the going gets tough, the wholesale channel is often the first to go. Mr. Cooper this week shuttered its broker platform, but will other table-funders follow suit?
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Servicers Appeal to Congress for Help

April 30, 2020
Brandon Ivey and Dennis Hollier
After failing to get help from federal agencies, nonbank servicers’ lobbying efforts for a liquidity facility have shifted to Congress.
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Title Insurers 1Q Earnings See Mixed Impact of COVID-19

April 30, 2020
Yemeng Yang
Investment losses dented title insurance underwriters’ bottom lines in the first quarter of 2020. However, the refinance boom boosted their order volume.
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CFPB Wields Light Touch on COVID-Era MSR Transfer Scrutiny

April 30, 2020
Yemeng Yang
The CFPB will use supervisory feedback, rather than enforcement actions, to identify compliance issues in MSR transfers during the pandemic.
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A Continuous Uptick in Forbearance Requests

April 30, 2020
Maria Volkova
COVID-related forbearance requests increased once again, according to the latest tally from the Mortgage Bankers Association.
Read More
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Latest Imf News

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Featured Data

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