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...

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

According to figures compiled by Inside Mortgage Finance, consumers owe $11.168 trillion on their first liens. If the new MBA forbearance reading is applied to that number, $883.3 billion of mortgages are in need of assistance, temporary or otherwise.

Top contributors to the deal include 5th Street Capital with a 42.8% share and Sprout Mortgage (41.0%). Servicing is being divided among Specialized Loan Servicing (62.4%), Fay Servicing (31.4%) and Lima One Capital (6.2%).

The mortgage employment reading, while strong, trails the national numbers by one month.

Officials at PennyMac said the nonbank is prepared to handle servicing-advance requirements and that origination activity remains strong...

Fannie's lender-letter states: "We are temporarily suspending bulk transactions"...

GSE and government-insured loans accounted for 86.1% of the market in early 2020, a period that featured a historic nosedive in mortgage interest rates and frenetic volatility caused by the pandemic...