There are plenty of servicing buyers, but sellers are scarce right now...

In a statement, bank CEO Charlie Scharf said, “Building an appropriate risk and control infrastructure has been and remains Wells Fargo’s top priority. The OCC’s actions today point to work we must continue to do to address significant, longstanding deficiencies.”

What happened? Servicing advisors sharpened their pencils, studied the proposal and concluded it won’t be so bad after all.

With the CDC no longer able to offer eviction protection to those delinquent renters, speculation now turns to whether the federal agencies in charge of housing policy, including the Federal Housing Finance Agency, will institute a moratorium of their own.

However, year-to-date mortgage banking income was up 46.0% from the first six months of 2020.

At Caliber, Thorn served as chief loan administration officer and was responsible for all production and servicing tied to the nonbank’s four channels. During her career, she also has worked for megabanks Bank of America and JPMorgan Chase.

MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...

When all is said and done, the buyer could wind up with $2.12 billion worth of government product.

In the broker segment, new hiring for the month improved by 3,200 heads to 124,800. Both the banker and broker readings represent 10-year highs and then some.

Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...