Section 4022, which covers forbearance under the CARES Act, does not include an explicit end date. According to the CSBS, this has led many to assume it ends on Dec. 31. The truth is less certain.

The FHFA has directed the GSEs to extend moratoriums on single-family foreclosures and real estate-owned evictions. The move is likely to cost the two mortgage giants between $1.1 billion and $1.7 billion.

The senator flagged the risk of improper foreclosures if servicers begin the foreclosure process before a borrower has an opportunity to either extend forbearance or be evaluated for a modification.

Fannie released a table listing 1,221 pools that were impacted by a servicer reporting error.

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.