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...

At press time, Ocwen's common was trading at $28.06 compared to a 52-week low of $17.29 and a high of $35.08.

PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...

Wells Fargo's jumbo servicing portfolio declined by 2.5% to $242.25 billion...

In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”

Final bids on the MSR package are due Sept. 2...

Dave Worrall of LoanCare: “It will be interesting to see how the delinquency numbers change as the [foreclosure] moratoriums end.”

Fannie Mae said its mortgage servicers are authorized to offer payment forbearance for up to 90 days to those impacted by Hurricane Ida, even if they don’t hear from the homeowner — that is, if the servicer believes the homeowner was affected by the disaster.

Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.

MSR offerings won’t get frothy until mortgage lender/servicers, especially those of the publicly traded variety, feel the heat from company owners — and investors — to keep the earnings gravy train going...