Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.

In addition, the language includes a 365-day requirement, which essentially extends the short-term cash flow analysis.

Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share...

The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand...

David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”

The nonbank is also working on an IPO...

November issuance was down 0.2% from October mostly because of weakening purchase-mortgage securitization, which fell 5.0% on a monthly basis.

MBA: “Compared to the last two months, more homeowners exiting forbearance are using a modification – a sign that they have not been able to fully get back on their feet, even if they are working again.”

Close to 40% of loans in the MBS have been in forbearance, but with many returning to current status.

Even though Wells shut off its correspondent spigot for jumbos early in 2Q20, $1.88 billion of product came through the channel...