Even more noteworthy: First Republic hasn’t issued any non-agency securities since the market meltdown of 2008.

Combined, the two companies would have $310.5 billion of MSRs, ranking 10th overall, according to Inside Mortgage Finance.

New insurance written by the industry’s six active private MIs fell 13.8% from the fourth quarter, while combined FHA/VA production rose 6.2%.

The new policy applies to borrowers who can afford to resume making their regular monthly mortgage payments, but are unable to cover the remittances they missed during forbearance...

One California-based loan broker who received notification of the rollout said he plans to try the program even though he hasn’t table-funded through UWM in a while.

PennyMac Financial Services said margins were helped by reduced competition due to tighter underwriting standards as some firms suspended lending activities altogether...

The result: The buildup of payoff funds dramatically reduces the P&I advance requirement...

CFPB Director Kathy Kraninger believes a “limited number of automated calls from financial institutions to their customers” alerting them to offers of forbearance and payment deferrals can be a huge help in these troubled times…

Fitch and KBRA assigned preliminary AAA ratings to the new MBS. Both incorporated coronavirus-related stress measurements to their calculations...