Bulletins from the GSEs detailed updates to servicing guidelines.

Among a series of sports analogies, Scott Turner, a former player in the NFL, said that HUD and the mortgage industry would need to “huddle” to solve the housing affordability crisis.

“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.

Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.

At yearend, the West Palm Beach-based Onity owned $130.6 billion of MSRs.

The 10-year Treasury rate is declining and the possibility of a recession is growing.

"This change is necessary because VA is not set up or intended to be a mortgage loan restructuring service," said a VA spokesperson.

Multiple factors are weighing on the spread between the 10-year Treasury rate and interest rates on mortgages.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

“UWM will be discontinuing our subservicing relationship with Mr. Cooper and they will no longer be [a mortgage servicing right] sale partner,” a UWM spokesperson said.