The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.

By terminating its management agreement with PRCM for cause, Two Harbors will avoid paying a $144 million fee.

Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter.

Some 10.1% of loans in the deal are in forbearance and another 1.8% have received deferrals.

But all that’s out the window. Each week, rates are testing new lows...

The top five servicers saw a combined 2.8% drop in MSRs...

United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019.

JPMorgan's Jamie Dimon welcomed the FSOC news, saying during a Q&A session, “We’ve been very consistent that mortgages, believe it or not, are more – far more costly than they should be. Normally, you’d be looking at – if you looked at the 10-year [Treasury] rate which is what, 60 basis points, the mortgage take should be 1.6% or 1.8% instead of 3.3%.”

The venerable agency MBS platform set production records in both the third and fourth quarters of 2019, caught its breath in early 2020, and then rose 12.7% to a new high in the April-June cycle.

Nearly 8% of mortgages in the MBS are in forbearance, though all of the borrowers are current on their payments.