“It was a tough three or four weeks in this business,” said Steve Abreu, president of NewFi Lending...

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.

There was also a substantial $1.53 billion increase in overall industry holdings of auto ABS during the first quarter.

Originally grubstaked by Wall Street and once the recipient of a large loan from Fannie Mae, the REIT saw the average occupancy rate of its SF units increase to a record-high 97.5%...

Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.

Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.

How worried should lenders be about the self-employed and small business owners?

The senators write: “The CFPB and FHFA must also have plans to use their respective tools and authorities to immediately address trends that indicate borrowers are receiving inaccurate information or unequal treatment, or that servicers are not complying with the law.”

After the pandemic changed its worldview, NewFi lowered its LTV on non-QM offerings to 60%...

Why sell now when you can make a ton of money later?