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...

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...

At press time, mortgage stocks were mixed (up or down slightly), with the exception of Fannie Mae and Freddie Mac. Both were up about 5%...

The culprit: a downturn in purchase-mortgage activity...

The first quarter of 2021 still ranked as the second-highest quarterly volume for the two GSEs...

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…