Top contributors to the deal include 5th Street Capital with a 42.8% share and Sprout Mortgage (41.0%). Servicing is being divided among Specialized Loan Servicing (62.4%), Fay Servicing (31.4%) and Lima One Capital (6.2%).

Using the "float" of payoffs to offset the advances? Why not? These are tough times...

The mortgage employment reading, while strong, trails the national numbers by one month.

Officials at PennyMac said the nonbank is prepared to handle servicing-advance requirements and that origination activity remains strong...

Fannie's lender-letter states: "We are temporarily suspending bulk transactions"...

GSE and government-insured loans accounted for 86.1% of the market in early 2020, a period that featured a historic nosedive in mortgage interest rates and frenetic volatility caused by the pandemic...

The average credit score for VA loans rose 1.3 points from the fourth quarter to 716.1 in the first three months of 2020. That’s the highest reading since loan-level MBS became available from Ginnie in 2014.

Arch MI: “The loss ratio for the 2020 first quarter reflected 12.0 points of losses which resulted from financial stress due to the COVID-19 global pandemic."

The $500 deferment fee is scheduled to take effect on July 1, pending approval from the Federal Housing Finance Agency.