July 6, 2020By Brandon IveyFewer Borrowers in Forbearance Making PaymentsThe share of borrowers in forbearance who continued to make monthly payments fell from around 50% in April to 25% in June.
July 2, 2020By Paul MuoloMortgage Bankers Cut Jobs in May While Brokers Added PositionsLoan brokers, on the other hand, added 1,100 full-timers in May, bringing their employment count to 93,700. Over the past 12 months, brokerage firms have added 8,500 workers.
July 1, 2020By Paul MuoloShort Takes: FoA Looks to Buy Servicing / A Problem: Origination Capacity / A Dip in Applications / Wanted: Larger Homes / A New CD for CHLAFinance of America sees an opportunity in mortgage servicing rights...
June 30, 2020By Brandon IveyGinnie Sets Restrictions Aimed at 'Strategic Buyouts' of Delinquent Mortgages
June 29, 2020By Paul Muolo17% of Mortgages Receive Forbearance Extension, Ginnie Product Leads the Pack