Thanks to economic damage caused by the coronavirus, the non-QM market is in tatters. Yet, opportunity abounds in the junk heap. Will Citadel become a specialty/subservicer?

When it comes to pandemic-related bailouts, the Fed is running the table. But the mortgage industry would like to hear something concrete on servicer liquidity.

A $200 million ABS backed by oil and gas assets closed this week while presale reports were published for four auto-backed transactions.

MFA Financial and AG Mortgage Investment Trust have staved off margin calls from most of their financiers for at least two weeks.

In the five weeks since March 16, the Fed has purchased a net of $486 billion in agency MBS.

The collateralized loan obligation market has been hit hard by the coronavirus pandemic as it sees a tidal wave of issuer downgrades.

The OIG identified four areas where the FHFA will have to improve if it hopes to supervise the GSEs absent the powers of a conservator.

In the end, the Federal Reserve will step in to fund nonbank MBS servicers if push comes to shove. At least, that’s what the mortgage industry is banking on.

Following pressure from industry participants and lawmakers, the Federal Reserve added legacy commercial MBS and CLOs to the TALF. Industry is hoping that eventually non-QM assets might be covered.

Velocity Financial raised capital by selling stock after plans to issue MBS were disrupted by volatility from the coronavirus. Several REITs also provided updates on their financials.