Secondary

The number of loans going into coronavirus-related forbearance edged down slightly, with the growth rate dipping 1 basis point between June 15 and June 21, according to the Mortgage Bankers Association.

The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.

Cannae Holdings, a spinoff of Fidelity National Financial, is trying to stage an unsolicited takeover of the property data, analytics and services firm that once had ties to Fidelity's competitor.

The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.

Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.

Nonbank servicers have been seeking more sources of cash since the coronavirus disrupted markets and elevated forbearance rates. These are some strategies they may be able to use.

The government-sponsored enterprises had been considering tightening counterparty requirements for nonbanks, but in light of COVID-19's spread, they've reconsidered that.

An imminent high court ruling about the independence of the bureau's director, coupled with an election victory for Joe Biden, could doom a plan to extend GSEs' exemption from tough debt-to-income requirements on mortgages.

For banks with assets between $10 billion and $100 billion, the average exposure is 165% of capital.

The mortgage company will provide up to $17 million in forgiveness to settle charges that modifications it applied to distressed government-related loans were not in keeping with state servicing regulations.