Mr. Cooper has agreed to pay more than $131 million to settle two separate investigations tied to servicing violations following the 2008 financial crisis.

Like in previous annual reports, the Financial Stability Oversight Council noted that nonbank mortgage companies can be more vulnerable to financial difficulties than depositories.

Regulatory reforms initiated after the 2008 financial crisis seemed to work as intended during the COVID-19 downturn, according to participants at the ABS East conference.

A tale of two mortgage stocks: A hedge fund buys into Flagstar while a PE firm backs away from Impac.

Particularly concerning is an uptick in borrowers who had previously exited forbearance options but are now once again seeking relief.

As more nonbanks announce their Wall Street plans, state regulators once again wave the flag on risk.

If not for the surge in originations and refi income, the delinquencies and defaults seen this spring could have caused some mortgage companies to fail, according to Federal Reserve Governor Michelle Bowman.

We’ll never seen another quarter like 3Q20 again, right? Not so fast. Nonbank managers report that business is hardly slowing as 2020 winds down.

Servicing advisors are using the phrase “green shoots” to describe what looks like a revival in MSR sales. But don’t pop the champagne quite yet.

Only one bank said it “very frequently” offers a reduction in interest rates or principal owed, according to a recent Federal Reserve survey. The most frequently offered relief option for portfolio loans: payment deferrals.