Immediate actions by lawmakers is essential to prevent a national foreclosure crisis early next year, consumer groups believe. In a new Census Bureau survey, more than a third of the respondents said they may face foreclosure or eviction in the next two months.
A lot of the decline in servicing-for-others held by banks was attributable to Wells Fargo and other big players in the market. A number of mid-sized banks grew SFO in 3Q20. (Includes two data charts.)
The MBA and many other trade groups have urged federal regulators to extend a break on troubled debt restructuring for loan mods related to the coronavirus.
The strongest pulse in the secondary market for MSR was in coissuance transactions involving Fannie and Freddie servicing rights. Bulk deals continue to struggle. (Includes three data charts.)