Attorney Jan Keas: “I think a logical question you always want to ask about social media activity is why are you doing what you are doing..."

The list of nonbanks involved in Ginnie buyouts is beginning to grow...

While early-payment default rates showed bigger declines, the rate for loans in the most serious delinquency categories remained relatively high. Across all three agencies, 2.92% of loans were four months or more past due, down slightly from the previous month.

Fitch also revealed that Provident received a $20 million equity infusion from an affiliated entity in March. Craig Pica, Provident’s CEO, and members of his family, own a majority stake in the lender.

On Friday, Black Knight Financial released its forbearance tally, finding a 121,000 unit decline for the seven-day period ending Nov. 13.

Wedbush Securities: “While there are many advantages to the SPAC route for both investors and issuers, it has also been an area that has produced disappointing results for some investors in recent months.”

But looming delinquencies are definitely a concern...

“In many cases, Wells stopped accepting electronic mortgage payments after it placed homeowners into the unwanted forbearance, causing those who were current on their loans to become delinquent without their knowledge and through no fault of their own,” said Kellett & Bartholow.

Quicken is an active and major player in the Ginnie Mae EBO game as well...

Gripes about mortgage applications hit a historical high, jumping 29.9% sequentially to 1,609 in 3Q20. The nine-month reading registered a stunning 124.6% spike year-over-year.