On Friday, Black Knight released its weekly forbearance report, declaring that 5.2% of all mortgages were in some form of relief, a 92,000 unit decline for the seven-day period ending Jan. 5. The data analytics vendor said despite what looked like positive news, it cited a “troubling slowdown in the rate of improvement.”

Although a press statement on the transaction notes the number of shares and price range has yet to be determined, the S-1 filed with the SEC says the maximum offering size is $100 million.

The regulatory language — years in the making and prompted by the growing market share of nonbank servicers — addresses capital, liquidity, stress testing and risk management among other things.

Among those filing missives: the American Land Title Association, Mortgage Bankers Association, National Association of Realtors, and the Structured Finance Association.

Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios...

The impairment rate didn't decline across the board. It increased for bank statement loans.

Industry watchers said implementing changes to the qualified-mortgage rule could be one of the biggest sticking points.

Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.

The nonbank lender/servicer filed its initial IPO documents in early October and was reportedly set to price the offering later that month.

In general, most of the delinquent loan buying has been done by the megabanks and top-ranked direct-FHA funders like Quicken Loans and PennyMac...