“In fact,” said GSE regulator Mark Calabria, “if this goes on for more than two months, we’re going to be looking at stress for Fannie and Freddie"...

Mortgage guarantors and regulators are keenly aware of the financial disaster that could be in the making. Conference of State Bank Supervisors President John Ryan sent a letter to Federal Reserve chairman Jerome Powell and Treasury Secretary Steven Mnuchin encouraging the creation of a liquidity facility to support residential servicers.

Actions by the Fed to help the mortgage market haven't don't much for non-agency MBS. Issuance ground to a halt and a number of lenders suspended production.

Back in September, Freedom’s financials looked strong. The lender/servicer is privately held...

Roughly $220.8 billion of VA loans were delivered into Ginnie mortgage-backed securities last year...

Two of the top originators of non-QMs suspended lending operations on Monday, citing complications from the coronavirus.

Increasingly, margin calls are becoming an issue for mortgage REITs...

FHFA’s move regarding appraisals was somewhat expected...

Bottom line: The Fed will keep buying agency MBS as long as it has to...