“Delinquencies are coming,” said one investment banker. “We just don’t know what the number is.”

Redwood has been able to meet margin calls but is selling mortgage securities at a loss.

FHFA Director Mark Calabria: “The lenders I’m talking to have said that 75% to 80% of their calls are from people who are not yet facing hardship. They just want to know what their options are.”

Ditech Financial, the nation’s 10th largest subservicer last time around, disappeared from the ranking because a large chunk of the company’s business, including subservicing assignments, was sold to New Residential Investment Corp.

As New Jersey loan broker Brian Benjamin put it, “Most lenders I see now want a paystub within 30 days of closing and a verbal VOE [verification of employment] within five days of closing.”

Some good news: The top five producers of jumbo mortgages all continue to originate the loans, despite the market turmoil caused by the coronavirus...

PennyMac Mortgage Investment Trust is one of just a handful of companies invested in what Fannie calls front-end CRT…