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

Coronavirus-triggered social distancing has given an added impetus to the mortgage industry’s digital transformation efforts. The adoption of remote online notarization may be the key.

During a House committee roundtable, the Mortgage Bankers Association requested Congress for a funding facility for servicers and legislation to help lenders with mortgages that entered forbearance soon after closing.

A $3 trillion stimulus bill passed by the House has set the stage for negotiations with Senate Republicans.

The MBA has urged FHA to clarify whether borrowers who had opted for HAMP in the past 24 months are eligible for partial claims.

A whistleblower-initiated investigation has resulted in Guaranteed Rate agreeing to pay $15 million for violating False Claims Act rules.

House Republicans are pushing Federal Reserve and Treasury to create a liquidity facility for mortgage servicers struggling to fund advances.

According to independent mortgage bankers, aggregators are adding credit overlays and refusing to buy loans in response to post-closing forbearance risk.

A lack of consistent post-forbearance options may pose additional risks for the industry, particularly for loans owned by Fannie and Freddie.

The support mortgage servicers receive during the coronavirus crisis may be used as a cudgel to enforce key changes.