Servicing

The extension in the number of days investors are locked out of the process comes amid a broader push by the Biden administration to boost access to affordable housing.

By some current measures, nonbank capitalization looks strong compared to banks, but the way a Ginnie Mae proposal aims to assess the value of mortgage servicing rights would change that, Moody’s Investors Service reported Tuesday.

More than 500,000 houses were potentially affected by this type of damage from the more recent storm, which was the second-most intense storm in Louisiana’s history.

Distressed homeowners who first took advantage of deferrals in March of last year will either start repayment or look for new solutions in September.

The end of many COVID relief plans in September have the industry holding its breath, with outcomes potentially foreshadowing the months to come.

Even as lenders increased purchase share, higher expenses and margin compression related to pricing competition led to smaller quarterly net gains.

Approximately 65% of all current forbearance plans will expire by year-end and many of those borrowers won't be able to resume paying their contractually mandated amounts.

The overall pace of both entries and exits slowed, even as the private-label securities and portfolio loan segment saw a spike in its numbers.

Rep. Val Demings introduced legislation in Congress that automatically triggers a stop on evictions and foreclosures for homeowners with federally-backed mortgages when a disaster is declared.

The rate at which borrowers went past due on their home loans showed near-term improvement in July, according to Black Knight, but servicers fear those who still have forborne payments won’t recover.