By terminating its management agreement with PRCM for cause, Two Harbors will avoid paying a $144 million fee.

Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter.

The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...

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...