To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...

The lender becomes liable for the indemnification payment if the property goes into foreclosure and results in a claim to the Mutual Mortgage Insurance Fund.

All three agencies recorded declining purchase-mortgage volume...

To boost public issuance of non-agency MBS, the SEC is considering changing disclosure norms for the transactions...

But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...

The top contributors to the deal include Athas Capital Group with a 33.2% share and Sprout Mortgage at 30.8%...

As one East Coast-based banker put it: “Before the pandemic exploded, I had eight or nine new customers lined up I wanted to bank. Right now, that’s on hold until this passes.”

Sterling Bank and Trust increased reserves in case the bank has to buy back non-QMs with faulty underwriting.

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.

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