Four of the top five players in Fannie/Freddie servicing recorded declines in their portfolio during the third quarter, while small and mid-sized shops gained ground. (Includes two data charts.)

One of the few good things to come out of the COVID crisis is that the GSEs can push forward alternative ways of doing business.

More than 31,000 seriously delinquent borrowers have yet to take advantage of forbearance, according to James Clyburn, chairman of the House Select Subcommittee on the Coronavirus Crisis.

A majority of forbearance loans were not delinquent and a small number of loans were delinquent but not in relief, that means…

Wells Fargo and Chase together accounted for more than half of all borrowers exiting forbearance in July, Wells Fargo Securities found in its deep dive into new, loan-level data on Fannie Mae’s Connecticut Avenue Securities.

The loans were divided among four pools. Three were sold to VRMTG ACQ, a minority- and woman-owned business.

Freddie told homeowners that, in addition to the traditional disaster relief options provided by the GSEs, they may be eligible for relief through COVID-related forbearance programs.

Homeowners affected by natural disasters can often suspend their payments for up to 12 months without incurring any late fees.

Still, Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, urged the Federal Housing Finance Agency to kill the LLPA outright.

Signs of life in the servicing sales arena? A little bit of late, but don’t bet the farm on it.