The fund could be modeled after the Hardest Hit Fund, providing funds to state housing finance agencies to help borrowers bring their mortgages current.

Democrats on the Senate Banking Committee are putting pressure on FHFA to answer whether the GSEs’ NPL sales impact homeowners’ access to foreclosure and forbearance protections under the CARES Act.

With a wad of cash from its initial public offering, UWM has a boatload of options. One of them: hanging onto residential receivables.

State regulators launched a “networked supervision” exam system in March, aiming to improve the exam process for nonbanks. Some 35 regulators are using the system, with mixed results.

Freddie Mac saw the biggest gain in agency MSR during the fourth quarter, fueled by a hefty 18% increase by independent mortgage companies. Ginnie servicing fell slightly despite growth among nonbanks. (Includes two data charts.)

Every nonbank mortgage company and its brother is going public these days. Right? Well, not everybody.

The long-awaited recovery in MSR sales may finally be here. It appears Ocwen and Freedom were the winning bidders on a $25 billion Quicken portfolio.

A proposal by state regulators to set standards for nonbank servicers was met with harsh criticism from many trade groups and industry analysts. The comment period for the proposal closed at the end of 2020.

The calendar has just turned and already we have a decent-sized M&A deal.

It wasn’t clear if coronavirus forbearance for federally backed mortgages was allowed after the end of 2020. Federal agencies addressed the issue near the end of December, though there’s still uncertainty.