Jeffrey Naimon, a partner at Buckley, warned that CFPB enforcement lawyers are pressing hard on discovery issues — requiring investigational targets to provide more information faster.

Of the total in COVID deferral status at the end of March, 91.56% of loans were current. Another 3.76% were one or two payments past due, and 4.69% were three or four payments late.

“March 31 servicing marks were up significantly from where they were at Dec. 31,” said George Christo, executive vice president of The Prestwick Group.

Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.

Mr. Cooper's vendor blamed the withdrawal snafu on a "processing issue."

This early tally — five of the seven typically rank among the top 20 lenders in the nation — suggests the mortgage originations train was holding steady on the tracks, though anecdotal evidence suggests the steam is dissipating.

Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.

Lenders both large and small are giving back to their communities. Credit the refi boom of 2020?

A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...