The top contributors to the deal include Athas Capital Group with a 33.2% share and Sprout Mortgage at 30.8%...

The stock sale comes at an interesting time for the mortgage industry in general and MIs in particular...

The ultimate goal: to reduce the number of authorized shares, which should result in a sizeable increase in the company’s share price.

As one East Coast-based banker put it: “Before the pandemic exploded, I had eight or nine new customers lined up I wanted to bank. Right now, that’s on hold until this passes.”

“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.