In a statement, JPM CEO Jamie Dimon – no big fan of the mortgage industry – said he is “pleased” his company was selected as Freddie’s underwriting advisor.

Black Knight reported: “At today’s level, mortgage servicers need to advance a combined $3.5 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances."

So far, the industry response has been positive, with a thumbs up coming from CMLA...

According to the offering circular, the seller is a “well capitalized institution” based in California.

Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...

Self-employed borrowers had the worst performance, on average, followed by loans for investment properties...

An island in the COVID-19 storm; Mortgage banking...

Another factor driving optimism: Buyer demand is staying strong, while the supply of homes on the market is low.

SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF...