The pipeline of unresolved buyback claims also grew during the first three months of the year, although repurchase activity in general remains at subatomic levels.
When measured against outstanding first liens calculated by Inside Mortgage Finance – $11.168 trillion – that means $933.6 billion of residential loans have been impaired (to some degree) by the pandemic.
PennyMac executives cited elevated margins across all channels. Also, production volume rose in the more profitable consumer-direct and wholesale-broker platforms...
Jim Parrott: “It seems to me, it would be extremely helpful for them to add non-agency lending as acceptable collateral under these TALF programs, whether at the MBS level or at the loan level."