“It’s taking us a little longer to get this done, but at the same time, we want to get it right,” Michelle Corridon, deputy director of policy at VA, said of the VA Servicing Purchase program.

Delinquency rates may be nearing cycle lows...

Ginnie Mae continued to set the pace in the agency single-family servicing market as its outstanding MBS rose 2.1% to $2.270 trillion.

There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.

“Our goal is to basically find a way to preserve that flexibility to allow streamlined tools and servicing,” said Mark McArdle, assistant director of mortgage markets at the CFPB.

Applications increased even as interest rates ticked up.

Soft landing or mild recession...

Sweeping M&A activity was expected in the subservicing sector...

As for how much cash the REIT might raise and at what interest rate, that’s unknown at the moment.

Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.