Some 10.1% of loans in the deal are in forbearance and another 1.8% have received deferrals.

Even loans that fall into the “other” category (portfolio and private-label loans mostly) dropped: 10.41% from 10.93% on July 5.

After overtaking Wells in the first quarter of 2020 as the top lender in the nation, Quicken widened its lead.

Cannae’s chairman is William Foley, who also continues to serve as non-executive chairman of title insurance giant Fidelity National Financial and executive chairman of Black Knight Financial…

But all that’s out the window. Each week, rates are testing new lows...

The top five servicers saw a combined 2.8% drop in MSRs...

JPMorgan, in particular, was an origination laggard, funding $24.2 billion in home mortgages during the second quarter, a 13.8% decline from the first three months of the year.

The biggest gain in the government market was in VA loans, where quarterly volume was up 23.5%...

Efforts to turn Ocwen around appear to be working. The publicly traded nonbank earned $2.0 million in the second quarter and officials there suggest the lender/servicer will be profitable next year.