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.”

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.

Rob Zimmer, head of external communications for CMLA, described it this way: "It’s a terrible policy idea, given that only the middle class pays it. Wealthy households paying cash for homes or using jumbo mortgages won’t pay a dime."

Margins on the aggregation of jumbos came back down to earth while Redwood's business purpose lending unit flourished...

As rents and absorption rates rise, apartment sales and mortgage originations head north.

Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...