New York-based real estate investment trust unveiled plans to deploy as much as 10% of its capital — roughly $1.5 billion — in this sometimes volatile asset.

Of the total in COVID deferral status at the end of March, 91.56% of loans were current. Another 3.76% were one or two payments past due, and 4.69% were three or four payments late.

While the Treasury and FHFA said the 7% cap was “aligned with the current levels” of acquisitions by the GSEs, some analysts believe the loans have accounted for somewhat more than 7% of purchases by Fannie and Freddie each year since 2013.

Then again, the fourth quarter of 2020 was a tough act to follow as CMBS issuance hit an all-time record of $86.94 billion...

On the plus side: revenues at Freddie increased 4.9% from the fourth quarter of last year...

Redwood's income from aggregating and selling jumbos increased during the first quarter, with more volume and high margins.

Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.

NewRez had $4.3 billion of loan funding capacity across nine warehouse credit facilities prior to the securitization.

United Wholesale Mortgage ceded the top spot after it stopped originating jumbos in March 2020 due to volatility from the coronavirus.

Citi started issuing expanded-credit MBS in 2020 but hasn't come to market with a jumbo deal since 2014.