Black Knight says that overall, 2.6 million homeowners are in some form of COVID-related forbearance.

Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...

Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity. 

Blend Labs, the digital automated underwriting platform, is diving head first into the title business...

The lender's gain-on-sale margin slipped to 176 basis points in the most recent quarter compared to 278 bps in the prior period...

In 4Q20, Chase and Popular returned to more normal levels while repurchases at Wells remained somewhat elevated...

Ocwen: “The separation and release agreement provides for a release of claims against the company and for Mr. Yanoti to comply with certain non-solicitation and other covenants.”

Over the past three quarters, several Ginnie issuer/servicers have turned a nice profit by purchasing delinquent FHA (and to a lesser degree VA) mortgages out of MBS pools, rehabilitating the notes and then repooling them.

Fannie was quick to point out that borrowers harmed by the pandemic receive temporary payment forbearance, which is different from principal forbearance.

The irony: As banks trimmed their holdings, mortgage servicing rights increased in value...