A&D's MBS is stocked with new production while PIMCO is tapping mortgages originated by Citadel Servicing Corp. nearly four years ago.

The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...

With mortgage rates climbing for most of the year, a pullback in refinance activity was expected.

Acting Director Uejio: "For example, women- and minority-owned small businesses faced more severe economic consequences than their White counterparts, and Black and Hispanic homeowners were less likely to receive mortgage relief and forbearance.”

Most expanded-credit deals issued this year have been stocked with pre-pandemic loans...

While forbearance readings gradually head down, some 4.0% of mortgages outstanding are still in the loss mitigation status.

First-timer loans with private mortgage insurance slipped to 38.6% in the first quarter, down 9 basis points, while the share of FTHB loans with no MI was basically unchanged.

Roughly one-third of mortgages have seasoned for more than two years and were called from previously issued MBS.

Overall, the average pre-tax production profit totaled 124 basis points in 1Q21 more than double the year ago reading of 61 bps. The 4Q20 measurement: 137 bps...