MFA's first non-QM MBS was on track to be issued in March until volatility from the coronavirus scuttled the deal.

However, FHFA made it clear the agency is not cancelling the new fee, which it says is intended to help Fannie and Freddie defray the costs associated with COVID-19 relief. The agency says those actions have conservatively cost the enterprises $6 billion...

The top three jumbo originators in 2Q20 were all megabanks: Wells Fargo, Bank of America and JPMorgan Chase. The only nonbank among the top-10: Quicken...

The first non-QM MBS from Goldman Sachs includes loans from previously issued deals and some newer mortgages aggregated by the firm.

NAR also recommends eliminating the steep 500 to 700-basis-points fee on GSE forbearance loans...

Black Knight said the Fannie/Freddie forbearance measurement fell by 15,000 units while the FHA count increased by 5,000. The private-label/portfolio tally rose by 10,000 loans.

The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…

Among the largest servicers, delinquencies increased sharply for some and actually declined for others. However, the differences are tied to how servicers classify mortgages in forbearance...

The CFPB said the sweep of investigations is still ongoing, indicating that more enforcement actions might be on the way.

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.