Citi led the pack with $2.46 billion of EC production in the second quarter, more than doubling its volume from 1Q20.

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...

Under the proposal, the CFPB will accept requests from third parties, such as trade associations or law firms, on behalf of unnamed financial entities.

Securitization of purchase loans rose 16.2% from July to August, including an 18.2% increase in VA loans. FHA still accounted for the biggest share of government-insured purchase loans, 53.0% last month.

When it comes to the VA mortgage process, the CFPB is trying to send a message on deceptive ads...

TD Bank and Charles Schwab continued to dominate the sector, accounting for a combined 45.2% of industry ABS holdings despite pulling back somewhat during the pandemic-stricken second quarter.

However, the CFPB acknowledged its analysis may not represent the full picture because credit reporting is a lagging indicator...

It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...

The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.

Lenders are minting money these days, servicers not so much...