Loan officers continue to benefit from strong refis and purchases, but compensation is coming under pressure. Meanwhile, the need for processors is not abating, according to LBA Ware.

Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.

Investors in Ginnie MBS will soon receive new pool-level data as part of disclosures regarding environmental, social and governance factors. (Includes data chart.)

Servicers of government-insured lending programs face new requirements from HUD to offer updated payment forbearance options to homeowners who faced financial difficulties during the pandemic.

Mortgage industry participants are suggesting HUD temporarily redistribute underwriting workloads across regions based on the size of their respective pipelines.

Servicers of VA mortgages can offer veterans a new COVID-19 refund modification to help reduce monthly payments as they exit forbearance plans.

Pam Patenaude, former HUD deputy secretary, joins loanDepot board; VA clarifies process for funding fee waivers; FHA updates single-family housing policy handbook; VA seeks feedback on proposal for appraisal data collection; Freedom Mortgage set to issue non-agency MBS with servicing fees on Ginnie mortgages.

The share of mortgages in forbearance fell substantially over the past year, but the Department of Housing and Urban Development wants servicers to reach out to all homeowners who may still need loss-mitigation assistance.