Pam Patenaude, former HUD deputy secretary, joins loanDepot board; VA clarifies process for funding fee waivers; FHA updates single-family housing policy handbook; VA seeks feedback on proposal for appraisal data collection; Freedom Mortgage set to issue non-agency MBS with servicing fees on Ginnie mortgages.

Non-agency CMBS production roared to $37.12 billion, the highest quarterly volume since the end of 2019.

Multiple lenders tell Inside Mortgage Finance that, in late March, the enterprises began rejecting loans that would have been easily approved in early March.

Nevertheless, rumors are circulating that the Biden administration is preparing to test the legal waters by having the FHA and VA extend their REO eviction moratoriums to the end of the year. These were also scheduled to end on Saturday. If that were to happen, most observers believe FHFA would follow suit.

Black Knight: “While still low, new forbearance plans hit their highest weekly level since late March, with restart activity also remaining elevated.”

Ginnie Mae buyouts have remained strong this year as more issuers try their luck at the rehab game. But how long might this trade last? Several more quarters, at least. (Includes data chart.)

Analysts say dollar rolls and spec pools still provide an opportunity for investors in the agency MBS market.

A mutual fund giant wants to convert Capstead’s cash base into commercial assets, leaving the residential world behind. The goal: higher returns for investors.

The origination winners and losers were mostly determined by how much they rely on refinance activity.

It’s highly likely the adverse market refi fee boosted Fannie Mae’s revenues as well, but that GSE won’t release earnings until next Tuesday.