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

Some observers said the central bank should have suspended dividends entirely in response to an unprecedented economic emergency caused by the pandemic. Others said its more cautious moves were appropriate because big banks' capital is strong and the economy could bounce back.

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.

Home sales plunged 70% in May in the wake of the COVID-19 pandemic — the largest drop in the country, according to the Remax National Housing report.

In the most sweeping capital distribution order since the financial crisis, the Federal Reserve says it will prohibit big banks from buying back their stock in the third quarter and limit dividend payments to second-quarter levels.

Home sales in May fell sharply in Flagler and Volusia counties in Florida as the coronavirus pandemic continued to put a damper on the local real estate market.

But the coronavirus put a hold on the market in April and remains an overhanging cloud for the future.

Mortgage rates were flat this week and remain near all-time lows, according to Freddie Mac. But significant numbers of borrowers remain unable to take advantage of them.

Central Ohio home sales fell 21% in May compared with the previous year, but climbed a bit from a horrific April, as the real estate industry continues to wrestle through coronavirus.