The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.

At June 30, subservicers handled 26.5% of all outstanding first liens in the U.S., a slight decline compared to March 31 of this year. 

According to Inside Mortgage Finance, consumers owe $11.29 trillion on their first-liens, which means $782.1 billion worth of loans are potentially at risk.

Fannie and Freddie said borrowers can qualify for a reduction or suspension of mortgage payments for up to 12 months. During this time, homeowners will not incur late fees and foreclosure will be suspended.

The nation’s 16^th largest servicer also disclosed it will restore incentive pay that was voluntarily given up by CEO Glen Messina.

Consumer advocates believe the CFPB has made the complaint database less useful...

The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.

As for competitive bids, that's a different matter entirely...

Invesco, which is based in Atlanta, holds the shares on behalf of clients...

On Friday, Black Knight issued its relief tally: 3.7 million mortgagors in forbearance as of Sept. 8, down 66,000 units for the week. The data analytics firm noted that 2 million forbearance  plans are set to expire this month.