FHFA Director Mark Calabria: “Homeowners who are in COVID-19 forbearance but continue to make their mortgage payment will not be penalized. Today’s action allows homeowners to access record low mortgage rates and keeps the mortgage market functioning as efficiently as possible.”

The MBS from Goldman Sachs ends the pause in issuance of prime non-agency MBS that started in March when the coronavirus rear-ended the market...

According to figures compiled by Black Knight, 4.7 million homeowners are in forbearance plans...

Fannie Mae: “The financial advisor will work closely with the company and the FHFA to consider business and capital structures, market impacts and timing, and available capital raising alternatives, among other items.”

Mortgages in the MBS have seasoned for an average of 7.7 months, according to a presale report from Fitch Ratings.

A year ago, IRRRL activity totaled just $1.99 billion. In the first three months of 2020, it rocketed to $42.01 billion.

Last month, Impac agreed to sell a $4.1 billion Freddie Mac servicing portfolio to PNC Bank for an undisclosed sum...

KBW believes the Freddie announcement could improve valuations for mortgage servicing rights “as the market reduces its expectations for potential servicing advance costs.” 

For starters, FHA doesn’t have LLPAs in its toolbox. Then what?