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Freedom’s Purchase of RoundPoint: Dead or on Life Support?

May 14, 2020
Paul Muolo

The Freedom-RoundPoint acquisition appears headed for the scrap heap, but so far, mum's the word. Will anything change?


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Borrowers Making Payments for Loans in Forbearance

May 14, 2020
Brandon Ivey
Several mortgage borrowers seem to be using the government’s forbearance program as more of an insurance policy, a development that is providing some relief for servicers.
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MBA Seeks Clarification on FHA COVID-19 Partial Claim

May 14, 2020
Maria Volkova
The MBA has urged FHA to clarify whether borrowers who had opted for HAMP in the past 24 months are eligible for partial claims.
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Freddie Accelerates Payments to Small and Diverse Contractors

May 8, 2020
Dennis Hollier
Small and women/minority-owned businesses servicing Freddie will receive payment on their invoices at least 20 days earlier than stipulated.
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Mortgages Top the List of COVID-19-Related Criticisms

May 8, 2020
Yemeng Yang
Consumer criticisms regarding mortgages topped the list of coronavirus-related complaints filed with the CFPB in April.
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Signs of Life in Bulk MSR Sales as Tire Kickers Return

May 7, 2020
Paul Muolo
MSR investors are looking at new offerings in the bulk market but mostly on a negotiated basis. Flow deals are dead but that could change.
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FHFA Clarifies: Impac’s MSR Sale Was Not Forced

May 7, 2020
Paul Muolo
Impac Mortgage Holdings is about to unload what’s left of its MSR assets. Meaning?
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Servicers Tap Prepayments; Relief From Agencies Limited

May 7, 2020
Brandon Ivey
The gap between when prepayment proceeds are received and when the funds must be transferred to agencies provides an opportunity for servicers to use the funds for forbearance-related advance payments.
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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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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.
Read More
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