S&P and dv01 cited concerns about how mortgage servicers and trustees are handling the reporting of non-QMs in terms of delinquency and forbearance...

Through the first seven months of 2020, Ginnie issued $400.14 billion of single-family MBS, excluding deals backed by FHA reverse mortgages.

Meanwhile, Black Knight reported that an estimated 500,000 mortgage forbearance plans were set to expire at the end of July...

Freddie recently closed on an $835 million Structured Agency Credit Risk deal that was originally sized at $735 million...

In 2Q20, Fannie and Freddie acquired $104.07 billion of loans with DTI ratios greater than 43%, up 40.9% from the previous quarter.

July pushed year-to-date issuance to a stunning $1.512 trillion. The market is on track to top $2.5 trillion by the time 2020 is over, which would smash the current annual record of $2.130 trillion set in 2003.

PennyMac posted a record profit in the second quarter and went on a hiring spree to support its origination and servicing activities.

A big problem: For one non-QM MBS, dv01 identified 233 loans that are actively modified while the trustee reported only 41 and the master servicer reported 74.

The deal received preliminary AAA ratings from Moody’s Investors Service and S&P Global Ratings, with credit enhancement of 13.75% on the senior tranche.

While the refinance market continued to go bonkers, agency securitization of purchase loans showed a bigger relative gain from June.