Black Knight estimates that mortgage servicers could be grappling with roughly 15,000 troubled loans per day.
Mr. Cooper CEO Jay Bray said the company was hiring and shifting staff away from originations to prepare for the deluge.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 21 seconds
Mortgage Servicers Prep for End of COVID-19 Bailout Programs
U.S. mortgage servicers are readying for a surge in delinquent loans as the government’s bailout programs finally expire in September and early October. So reports CNBC.
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