The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.

Two Harbors, of course, isn't the only REIT venturing out into MSR investing but it's certainly been one of the more aggressive...

HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...

Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.

On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...

The California-based nonbank saw its gain-on-sale margin slip to 228 basis points compared to 298 bps in 1Q21 and a whopping 539 bps in the year-ago quarter...

The number of Ginnie loans one-payment past due jumped 17.3% from March to June, pushing the delinquency rate for the category to 2.06%. That compared favorably to a 3.60% 30-day delinquency rate two years ago.

In April, the government had proposed extending the effective date of the final rules by 60 days to allow stakeholders affected by the pandemic more time to review and implement the requirements but public comments did not support an extension, the CFPB said. Most industry commenters said they would be ready to comply by Nov. 30.

Nevertheless, rumors are circulating that the Biden administration is preparing to test the legal waters by having the FHA and VA extend their REO eviction moratoriums to the end of the year. These were also scheduled to end on Saturday. If that were to happen, most observers believe FHFA would follow suit.

Black Knight: “While still low, new forbearance plans hit their highest weekly level since late March, with restart activity also remaining elevated.”