FHFA's stance has mortgage bankers perplexed, to say the least...

MBA said its survey covers 22.4 million loans serviced…

Since going public earlier in the year, Velocity Financial's share price has cratered...

The six-month tally would be at least $45 billion. The calculations from the research firm take into account prepayment cash flows buffering principal and interest advance requirements.

Refi volume was clearly gaining speed in March. On a combined basis, deliveries of FHA and VA refi loans grew 8.4% from February…

The $13 million Milbank contract, which follows the agency’s February selection of Houlihan Lokey as its capital markets advisor, suggests the FHFA remains committed to recap-and-release.

At March 31, Mr. Cooper serviced $629 billion worth of home mortgages, including $129 billion of Fannie Mae/Freddie Mac product and $108 billion of Ginnie Mae loans. However, roughly half its portfolio, $317 billion, is represented by subservicing contracts.

Fannie Mae, Freddie Mac and Ginnie Mae produced $478.64 billion of new single-family MBS in the first quarter of 2020, a 5.6% drop from 4Q19...

Ocwen said it was in compliance with all financial covenants as of March 31. Meanwhile, after years of layoffs, the servicer is now hiring.

Sources contend that other banks might follow Wells' lead but as the weekend approached, the situation was fluid, to say the least.