Meanwhile, the CFPB issued a report that warns of widespread evictions and foreclosures once “federal, state, and local pandemic protections come to an end, absent additional public and private action.”

Not only was PennyMac Financial able to up the deal size from $500 million, but its cost to borrow came in at 4.25% per year.

Never in the annals of mortgage banking has one nonbank ever put together a half-year where net profits landed north of $5.25 billion. Note: Quicken’s gain-on-sale margin for 4Q20 was calculated at 441 basis points compared to 578 bps in 3Q20.

According to Inside Mortgage Finance, some of the GOS declines suffered by individual shops have been steep, to say the least.

State regulators plan to launch a "one company, one exam" pilot for nonbank mortgage companies and issue standards for servicers...

Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.

Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"...

The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.

At a time when servicing values are firming up, Caliber is looking to sell product...

Talk about a rollercoaster ride: loanDepot came out at $14 a share last week and at one point almost reached $40.