Is the industry happy about today’s announcement? Some praised it but one veteran lobbyist quipped: “It’s better than nothing but it’s pretty thin gruel.”

Of course, early this spring, the FHFA, in trying to aid consumers economically impacted by the pandemic, requested that servicers provide forbearance.

Another day goes by, and more pleas to Uncle Sam to fix the MBS liquidity problem. What will it take?

Overall, mortgage citations accounted for only 8% of total gripes...

For certain residential mortgages, including refis, banks can delay obtaining an appraisal for up to 120 days after a loan closes.

Federal and state laws prohibit intentional discrimination against protected groups...

Ocwen said it received written notification on the violation from the NYSE on April 8.

In an industry update, Keefe, Bruyette & Woods predicts it may still take some time before the establishment of an emergency funding facility for residential servicers with MBS payments coming due.

The IVES system, which many criticize as being antiquated, functions by way of a fax machine...