“While 2003 was a bigger overall mortgage year than 2020 will be, the GSE portion of the market is larger and will likely push this into the biggest year for Fannie and Freddie ever,” said Dave Stevens, the former FHA commissioner.

After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...

Kirstin McMullen, chief financial officer of The Money Source: “Since March, we have all made so much cash, so it’s certainly less stressful"...

The July-September cycle was the strongest production level since the second quarter of 2008, when ABS issuance hit $73.42 billion.

David Brickman, Frater’s counterpart at Freddie, expressed similar sentiments: “Costs have changed. Risks have changed. We’ve put in place an appropriate and prudent response to that change in the external environment for us to support struggling homeowners.”

Commenting on the stubbornly high Ginnie measurement, MBA's Fratantoni noted it shows that recovery is not uniform “and that many are still struggling to gain their footing.”

The proposed rule defines a new activity as any new business line, business practice, or service that the GSEs offer to the market.

Quicken takes another trip to the repo well...

It was the highest three-month production reading in the program’s history, continuing a run in which the past five quarters represented the five highest Ginnie totals ever.

Might GSE seller/servicers see changes in LLPAs during the coming months? Stay tuned...