Now that the merger is off, will Texas Capital's role in warehouse finance change much?

PennyMac executives cited elevated margins across all channels. Also, production volume rose in the more profitable consumer-direct and wholesale-broker platforms...

FHLB advances reached $806.9 billion at March 31, up 25% sequentially...

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."

Bank and thrift holdings of Ginnie Mae MBS rose 5.0% in the first quarter and investment in agency CMOs increased 3.4% from the end of 2019.

“Some companies are higher and some are lower,” said Charbonneau, “but the range has moved up.”

Close to 40% of loans in a planned non-QM MBS from Starwood Non-Agency Lending are subject to COVID-19-related forbearance. The relief rate on a deal from Verus Mortgage Capital is 7%.

At an estimated $106 billion, wholesale-broker production represented 15.8% of first-lien originations in early 2020, the sector’s biggest share since the financial meltdown...

Next stop: The Fannie/Freddie re-IPOs?

Citadel has contributed non-QMs to MBS issued by other firms while never issuing its own security. Meanwhile, an MBS from MFA Financial with loans from Citadel is on hold.