The “virtual” roadshow started Friday, with meetings running through Wednesday afternoon, when final pricing is expected.

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...

MBA believes that as a result of large buyouts of FHA and VA loans by banks from Ginnie Mae pools, these mortgages are now listed as portfolio loans...

The net asset value of the Blackstone Real Estate Income Fund declined by 24% to $443 million as of March 31...

In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS.

The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.

By terminating its management agreement with PRCM for cause, Two Harbors will avoid paying a $144 million fee.

Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter.

Some 10.1% of loans in the deal are in forbearance and another 1.8% have received deferrals.

But all that’s out the window. Each week, rates are testing new lows...