Otting's appointment is effective July 1. He has not yet been named to serve on any board-centric committees, which carry extra pay.

The survey was based on responses from 336 lenders, 81% of which are nonbanks. Firms in the study originated, on average, $728 million of loans in 1Q20.

The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...

The ultimate goal: to reduce the number of authorized shares, which should result in a sizeable increase in the company’s share price.

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.

Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.

The senators write: “The CFPB and FHFA must also have plans to use their respective tools and authorities to immediately address trends that indicate borrowers are receiving inaccurate information or unequal treatment, or that servicers are not complying with the law.”

Why sell now when you can make a ton of money later?

Conferences, exhibit halls and the sponsorships that go along with them are an important source of revenue for many trade groups...

Fun fact: Refi applications are up 176% from last year.