The deal will mark the fifth MBS Angel Oak has issued since mid-May, all of which have been stocked with mortgages originated before April.

MBA's Mike Fratantoni: “The share of Ginnie Mae loans in forbearance increased again ... as the current economic crisis continues to disproportionately impact borrowers with FHA and VA loans."

Fannie Mae, for one, believes the proposal could prompt a 20 bp increase in g-fees.

Loan brokerage firms have increased employment by 16.3% year-over-year...

The bulk of the increase in USDA lending has been driven by purchase mortgages, though refinances also increased significantly.

Citi led the pack with $2.46 billion of EC production in the second quarter, more than doubling its volume from 1Q20.

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...

Under the proposal, the CFPB will accept requests from third parties, such as trade associations or law firms, on behalf of unnamed financial entities.

Securitization of purchase loans rose 16.2% from July to August, including an 18.2% increase in VA loans. FHA still accounted for the biggest share of government-insured purchase loans, 53.0% last month.

When it comes to the VA mortgage process, the CFPB is trying to send a message on deceptive ads...