A big chunk of the gain in auto ABS came at the top of the list.

Most of the downturn was in refinance activity, but GSE acquisitions of purchase-money mortgages also fell slightly last month.

The pipeline of unresolved buyback requests swelled to $876.0 million at the end of March, a 19.6% increase from the previous quarter.

When one MBS window closes, another appears...

Quicken ranked as the top retail lender with an estimated $71.43 billion in first-quarter volume. Its retail market share: 5.5%...

On a sequential basis, trading fell 8.04% and was off fractionally from the same month a year ago.

KBRA noted that UWM is "appropriately staffed on production and control functions to handle its present growth relative to increased volume."

Back in 2015, the mix was reversed: FHA accounted for 60% of the FHA/VA market.

Banks may have ceded the origination business to nondepositories, but they sure love the end product: MBS.

At face value, the disparity between the cost of the transactions and the return on investment seems ludicrous...