Fannie's lender-letter states: "We are temporarily suspending bulk transactions"...

The $500 deferment fee is scheduled to take effect on July 1, pending approval from the Federal Housing Finance Agency.

In addition, Fannie and Freddie have helped reduce face-to-face interactions during the closing process by expanding the use of powers of attorney and remote online notarizations.

Fannie CEO Hugh Frater sees the COVID-19 forbearance count rising to 15% in the second quarter.

In a press briefing early Thursday, company CEO David Brickman noted that the number of forbearance requests have increased “significantly,” adding that he expects the readings to continue to rise.

loanDepot noted that on purchase transactions and rate/term refis no additional LLPAs will be assessed.

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

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

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