Looking at Freddie mortgages active as of January, researchers found that nearly 50% of Black homeowners would have saved at least $1,200 a year if they had refinanced while almost 20% would have saved at least double that amount.
Some of Marlin Mortgage Capital’s management team, including CEO Andrew Weber, hail from MSR-hungry New Residential. And that’s a good thing because MMC has an appetite all its own for servicing rights.
Quicken, the nation’s fifth largest mortgage servicer, said consumers would benefit if processors are provided additional time and flexibility to evaluate borrowers facing hardships past the expiration of the eviction moratorium...
FHA is dedicating resources to servicing oversight and enforcement in the COVID and post-COVID era. In sum, servicers should expect lending monitoring exams to be scheduled in the coming months.
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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