Oklahoma-based First Mortgage’s former President Ron McCord faces 24 counts of bank fraud, money laundering and making a false statement to a financial institution.

Forbearance requests leveled off near the end of May but the share of borrowers missing payments while in forbearance increased.

Inconsistent guidance regarding credit reporting during the pandemic may lead to heightened compliance risks for mortgage servicers.

With the reopening of states, lenders are optimistic the purchase-mortgage market will stabilize.

The mortgage M&A market has been dormant during the pandemic, but all that could soon change. Guaranteed Rate, for one, is looking to buy.

The mortgage servicing business is regaining stability but MSR sales are still elusive and valuations are well below pre-COVID-19 levels.

Gain-on-sale margins are rich these days, as evidenced by Mr. Cooper’s recent SEC disclosure. Is this a one-off or something that could last for years?

United Wholesale, Quicken Loans and Freedom Mortgage are among the firms that have announced plans to fill thousands of vacancies.

The GSEs won’t accept LIBOR-based loan applications after Sept. 15. They expect all purchases linked to the London rate to cease by yearend.

Mortgage servicing rights have little value in today’s secondary market, but investment bankers predict that one day, maybe soon, this volatile asset will once again rise from the ashes.