It’s quite possible a large chunk of these loans will be cash-flow positive again. It’s just a matter of when.

Complaints about debt collection, the second most-criticized category, increased 7.2%...

Mr. Cooper will remain as a retail and correspondent lender...

The top sellers of bulk MSRs in 1Q20: Ditech, Chase, Caliber and UWM...

In a statement, MBA SVP Mike Fratantoni noted, “Forbearance requests fell relative to the prior week but remain roughly 100 times greater than the early March baseline. While the pace of job losses have slowed from the astronomical heights of just a few weeks ago, millions of people continue to file for unemployment.”

The GSEs used “repair shop” subservicing vendors during the 2008 financial crisis. It would appear their time has come again.

“One thing’s for certain: They’re taking on a lot more risk,” said one mortgage insurance official...

The CFPB will consider "good-faith efforts" by mortgage servicers to prevent consumer harm during a servicing transfer...

The situation at press time: Mnuchin said that a Fed facility was no longer warranted...

“Wait until you see next month’s PTAP draw,” suggested one official familiar with the program...