The overall forbearance rate is levelling off but loans packaged into non-agency MBS and those held in portfolio showed a relief-request reading of 10.18%, up 15 basis points.

Given the current state of economic affairs in the nation, a nonbank mortgage company pulling off a public offering of stock seems like a long shot. Right? Maybe not.

Independent mortgage bankers heaved a sigh of relief after the Federal Housing Finance Agency said it will re-propose the minimum financial eligibility requirements for single-family seller/servicers.

The flow MSR market was all but dead a month ago but a revival of sorts is now underway. But don’t get too excited. Pricing isn’t great for sellers.

Subservicing firms continued to grow in the first quarter, albeit at a slower pace. The reason: Coronavirus and a lack of flow deals. (Includes data chart.)

The jury is still out on FHA’s new forbearance policy but the early reviews haven’t been good. Still, it’s better than nothing. Right?

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.