Growth was slow for many subservicers in 2Q20 but smaller lenders continue to outsource the servicing function with the hope, perhaps, of cashing in on the MSR asset later. (Includes data chart.)
Even though market conditions are absolutely terrific, warehouse lenders are asking for regulatory relief on their credits. The Federal Reserve is listening, but will it swallow?
On Friday, Black Knight issued its relief tally: 3.7 million mortgagors in forbearance as of Sept. 8, down 66,000 units for the week. The data analytics firm noted that 2 million forbearance plans are set to expire this month.