As we recently reported, the nonbank share of agency mortgage servicing rights moved ahead of the bank share in the first quarter.

It’s quite possible a large chunk of these loans will be cash-flow positive again. It’s just a matter of when.

MFA's initial forbearance agreement with its financing providers lasted for 15 days. The REIT extended the agreement through June 1.

Complaints about debt collection, the second most-criticized category, increased 7.2%...

Mr. Cooper will remain as a retail and correspondent lender...

The VA market optimism stems partly from the fact that the majority of active military personnel who have been given orders to move haven’t been able to do so because of the pandemic.

The top sellers of bulk MSRs in 1Q20: Ditech, Chase, Caliber and UWM...

In a statement, MBA SVP Mike Fratantoni noted, “Forbearance requests fell relative to the prior week but remain roughly 100 times greater than the early March baseline. While the pace of job losses have slowed from the astronomical heights of just a few weeks ago, millions of people continue to file for unemployment.”

The outcome was a boost in broker share to 15.2% of the market, up from 12.6% in the first three months of 2019.

The GSEs used “repair shop” subservicing vendors during the 2008 financial crisis. It would appear their time has come again.