Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%.

On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...

JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...

The termination fee on the NRIC-Caliber deal: $25 million.

Nonbanks continued to amass agency servicing market share in early 2021 as many depository institutions allowed their portfolios to shrink.

Owned by Lone Star Funds, Caliber late last fall filed to go public but the IPO has been on hold for undisclosed reasons. Meanwhile, NRIC also said this morning that its previously announced IPO of NewRez will proceed.

Some $3.86 billion of expanded-credit MBS was issued in the first quarter, up 13.2% from 4Q20...

When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...

Some $11.40 billion of these loans — often used for fix-and-flip lending and bridge financing — were originated in 2020...

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...