Mortgage credit supply in August fell to its lowest level in six year, driven by a reduction in supply from both conventional and government segments t, according to a recent tally by the Mortgage Bankers Association.

Foreclosures posted an unexpected increase of 11% in August...

MBA's Mike Fratantoni: “The share of Ginnie Mae loans in forbearance increased again ... as the current economic crisis continues to disproportionately impact borrowers with FHA and VA loans."

Loan brokerage firms have increased employment by 16.3% year-over-year...

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...

Under the proposal, the CFPB will accept requests from third parties, such as trade associations or law firms, on behalf of unnamed financial entities.

However, the CFPB acknowledged its analysis may not represent the full picture because credit reporting is a lagging indicator...

It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...

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...