Sterling Bank and Trust increased reserves in case the bank has to buy back non-QMs with faulty underwriting.

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.

Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.

Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.

How worried should lenders be about the self-employed and small business owners?

Industry consultant Paul Hindman called the profit margin news from Mr. Cooper "phenomenal."

Among the critics of the newly issued capital framework: Don Layton, Freddie Mac's former CEO...

Fun fact: Refi applications are up 176% from last year.

The pipeline of unresolved buyback claims also grew during the first three months of the year, although repurchase activity in general remains at subatomic levels.

Compared to the same period a year ago, warehouse lines of credit to nonbanks increased by a mouthwatering 41.9%.