The CFPB also said it is exempting servicers from being required to provide periodic account statements and certain early intervention contacts with borrowers who are in bankruptcy.

Bank of America's mortgage business appears to be profitable but only if you exclude its legacy business.

MGIC wrote $8.6 billion in new business in 3Q, up from $8.0 billion and $6.5 billion in the second and first quarters, respectively.

How do you spell servicing relief? It all depends on who you ask. Meanwhile, First Guaranty Mortgage is entering the warehouse arena.

On the servicing side of the balance sheet, Citigroup reported $180.3 billion in third-party servicing rights, a 2 percent decline from the same period last year.

Rumors abound about mortgage firms either closing or laying off staff. Meanwhile, Auction.com, known for selling troubled real estate for banks and other investors, is offering up a $600 million pool of performing multifamily mortgages.

Industry advisors familiar with MIC told Inside Mortgage Finance that the nonbank VA refi specialist was almost sold to a bank this past summer, but the deal fell through.

FHA and VA are urging mortgagees and lenders to extend all possible assistance to borrowers who have been furloughed, laid off or suffered a decline in income because of the government shutdown.

The secondary market for mortgage servicing rights is red hot and shows no signs of slowing, even with the government partially closed.

Even due diligence firms such as Allonhill LLC of Denver have trimmed staff because their bank clients no longer need to conduct as many forensic reviews on legacy loan files. Allonhill was recently sold to Stewart Title, which hopes to grow the firm’s presence in the jumbo and nonconforming sectors.