Servicing

The number of loans going into coronavirus-related forbearance slowed to a rate of 7 basis points between May 25 and May 31, according to the Mortgage Bankers Association.

About 9% of government-insured loans in forbearance have low equity, which could hamper post-forbearance servicing.

Former Comptroller of the Currency Joseph Otting landed a post with Black Knight, which provides technology solutions to mortgage and real estate companies.

But there was an increase in private-label mortgages in forbearance.

Mortgage industry hiring and new job appointments for the week ending June 5.

One criticism of the CARES Act is that it provides relief only to borrowers with government-backed loans. Bills in New York and California would cover the remaining 30% of homeowners.

Independent mortgage banks started 2020 strong after three quarters of high profits, according to the Mortgage Bankers Association.

The company's planned two-week halt on originations turned into more than two months on hiatus because of coronavirus-related market disruptions.

Self-service portals fielded at least half of coronavirus-related forbearance-plan requests and made it possible to handle an influx at a challenging time, but the GSEs recommend circling back to borrowers.

Just like volatility begets volatility, calmness helps support continued calm.