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...

The top five servicers saw a combined 2.8% drop in MSRs...

United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019.

JPMorgan's Jamie Dimon welcomed the FSOC news, saying during a Q&A session, “We’ve been very consistent that mortgages, believe it or not, are more – far more costly than they should be. Normally, you’d be looking at – if you looked at the 10-year [Treasury] rate which is what, 60 basis points, the mortgage take should be 1.6% or 1.8% instead of 3.3%.”

The venerable agency MBS platform set production records in both the third and fourth quarters of 2019, caught its breath in early 2020, and then rose 12.7% to a new high in the April-June cycle.

Nearly 8% of mortgages in the MBS are in forbearance, though all of the borrowers are current on their payments.

The Fannie Mae/Freddie Mac measurement came in at 6.07%, down 11 bps, the fifth consecutive decline.

Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year.

Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations.