The Freedom-RoundPoint acquisition appears headed for the scrap heap, but so far, mum's the word. Will anything change?

UWM has rolled out an ambitious new program to fund a ton of conventional FRMs at 2.5%. Meanwhile, Fannie/Freddie borrowers have a new COVID-19 payment deferral option.

MBA: “There continues to be a stark recovery in purchase applications, as most large states saw increases in activity last week"...

One California-based loan broker who received notification of the rollout said he plans to try the program even though he hasn’t table-funded through UWM in a while.

The result: The buildup of payoff funds dramatically reduces the P&I advance requirement...

In the first quarter, the top five flow servicing buyers were: Lakeview Loan Servicing, Matrix Financial, CMC Funding, Mr. Cooper and RoundPoint Mortgage...

According to figures compiled by Inside Mortgage Finance, consumers owe $11.168 trillion on their first liens. If the new MBA forbearance reading is applied to that number, $883.3 billion of mortgages are in need of assistance, temporary or otherwise.

To clarify: No one is betting on a V-shaped recovery in either the U.S. economy or servicing sales in particular.

FHA Chief Brian Montgomery has ruled out a premium hike. However, the situation is fluid.