Cowen Research: "The issue is what happens in August and September if the government permits expanded unemployment benefits to expire.”

Thanks to the coronavirus, it was the worst earnings for mortgage banking since the fourth quarter of 2008…

Under the program, companies can submit specific queries identifying uncertainty in existing rules...

Forbearance tallies keep falling, which is good news for both servicers and consumers...

After Quicken, who's next on the IPO dream list? Caliber? loanDepot?

Wells Fargo was the most active servicer in repurchasing delinquent loans in May, with $2.31 billion, 50.2% of the market total. A significant share of those loans were reportedly current, the MBS disclosures show, indicating that Wells repurchased loans in forbearance.

KBRA: New Rez has been subject to substantial economic stress during the COVID-19 pandemic...

Alterra Mortgage President Miguel Narvaez: “And what happens is that no one wants to take the risk of doing loans that FHA will not insure.”

Loans in the $351.5 million MBS have seasoned for an average of five months and 24% are in forbearance.

The three agencies reported a total of 1.2 million single-family loans one payment past due, or 3.03% of their combined portfolio. Ginnie’s 4.78% 30-day delinquency rate was the highest, including a 5.68% rate for FHA loans.