“It was a case of ‘we’re all in this together,’ until it wasn’t,” Shenkman said.

The $439.2 million deal was in the works before economic volatility from the coronavirus stalled activity...

Wells Fargo was the most active servicer in repurchasing delinquent loans in May, with $2.31 billion, 50.2% of the market total. A significant share of those loans were reportedly current, the MBS disclosures show, indicating that Wells repurchased loans in forbearance.

KBRA: New Rez has been subject to substantial economic stress during the COVID-19 pandemic...

Lone Star Funds is the first non-QM MBS issuer to have a second deal in the market since activity resumed in May.

Loans in the $351.5 million MBS have seasoned for an average of five months and 24% are in forbearance.

The three agencies reported a total of 1.2 million single-family loans one payment past due, or 3.03% of their combined portfolio. Ginnie’s 4.78% 30-day delinquency rate was the highest, including a 5.68% rate for FHA loans.

Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...

Self-employed borrowers had the worst performance, on average, followed by loans for investment properties...

SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF...