Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.

Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.

How worried should lenders be about the self-employed and small business owners?

Industry consultant Paul Hindman called the profit margin news from Mr. Cooper "phenomenal."

Among the critics of the newly issued capital framework: Don Layton, Freddie Mac's former CEO...

Fun fact: Refi applications are up 176% from last year.

The pipeline of unresolved buyback claims also grew during the first three months of the year, although repurchase activity in general remains at subatomic levels.

Compared to the same period a year ago, warehouse lines of credit to nonbanks increased by a mouthwatering 41.9%.

MBA is seeking assurances that nonbank lenders can access the Fed’s Main Street Loan Program.

Jim Parrott: “It seems to me, it would be extremely helpful for them to add non-agency lending as acceptable collateral under these TALF programs, whether at the MBS level or at the loan level."