Servicers are buying delinquent FHA/VA mortgages out of Ginnie MBS pools, placing the notes in portfolio as part of a reclamation strategy.

IMA says the seller is a "well-capitalized independent mortgage bank with very experienced leadership"...

Home Point planned to sell 12.5 million shares at as much as $21 per share but the nonbank lender ended up with a smaller IPO.

Liquidations of loans from Ginnie Mae MBS nearly doubled in 2020 on an annual basis.

The acting director of the CFPB directed the federal agency to focus on compliance issues involving consumers suffering hardship stemming from the coronavirus, including actions by mortgage servicers.

“The offering consists of 9.41 million shares of common stock being sold by loanDepot and 5.59 million shares of common … being sold by certain funds managed by Parthenon Capital Partners,” the firm said.

Most nondepository servicing is held by independent mortgage bankers and other non-originating investors...

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.

CEO Mat Ishbia said the $925 million the firm  garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.