Ginnie Mae said it is concerned that issuers could abuse buyouts and "undermine the integrity of the MBS program."

According to figures compiled by Inside Mortgage Finance, consumers owe roughly $11.168 trillion on their home mortgages, which (based on the MBA measurement) means $947.1 billion in residential debt is at risk.

The revival included first-time EC MBS issuers as well...

Timing is everything. The majority of the loans, 63.0%, went into forbearance status in April and many of these borrowers may have already made their May payment.

The supply of single-family MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae grew another 1.4% in the first quarter, hitting $7.134 trillion.

Bill Dallas of FoAM: “Most warehouse lenders are at capacity and already ‘bulged’ most of their companies. As a result, if you need additional capacity and you didn’t plan for it, there are no new warehouse players. You are dead in the water.”

Angel Oak is on track to be the top issuer of expanded-credit MBS in the second quarter with volume of $876.3 million...

MBA suggests that mortgage-investing REITs also would benefit from the relaxation of the FHLB’s eligibility regulations...

The top contributor to the deal is JMAC Lending with a 7.3% share, followed by Commerce Home Mortgage (7.0%) and loanDepot (6.4%).

Most of Freddie’s buyback claims end up being withdrawn by the GSE. A substantial share of Freddie’s loan purchases are underwritten through Fannie’s automated underwriting platform, but not all of the Desktop Underwriter extended services are available if the loan is sold to Freddie.