The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.

Lenders are minting money these days, servicers not so much...

Mr. Cooper plans to increase its staff by more than 50% this year, with many of the hires focused on mortgage originations.

Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.

Black Knight said 3.9 million homeowners remain in forbearance...

A California version of the CFPB? The Golden State boasts the largest mortgage market in the nation...

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...

In the case of the GSEs, multifamily loans are not covered by the extension...

Gordon Albrecht of FCI Lender Services, the nation’s largest hard-money subservicer: "We [have been] getting a ton of requests for forbearance, but we’re a subservicer, so we have no authority to do any type of forbearance without the lender’s direction and permission.”

Roughly 68% of the collateral is located in California. The seller would like to strike a sale agreement by the end of September.