The Fed will soon issue a proposal to loosen capital requirements for bank holdings of mortgage servicing rights and a proposal loosening capital requirements for mortgages held in portfolio by banks.

In October, FHA launched long-awaited updates to its waterfall, instating a trial payment plan that a borrower would have to complete before taking a permanent loss-mitigation option.

Marina Walsh, a vice president of industry analysis at the MBA, suggested that the rise in FHA delinquency rates could soon slow.

Onity posted net income of $127.0 million in the fourth quarter, compared with a $21.0 million profit the previous quarter.

Some $307.0 billion of Cenlar's subservicing portfolio is in the process of leaving Cenlar or has provisions allowing a move to a different subservicer if Cenlar is sold.

The agencies agreed to implement four recommendations from the Government Accountability Office.

Rocket is the first nonbank to have the largest portfolio of owned servicing thanks to its acquisition of Mr. Cooper Group.

The advocates said trade groups representing mortgage companies and others should encourage their members to “liberally grant forbearances, payment deferrals and other accommodations to impacted Minnesotans.”

For part of January, the average interest rate on locks for rate-term refis was below 6.0%.

Some lenders are trying to acquire trigger leads ahead of the March ban.