The pipeline of unresolved buyback claims also grew during the first three months of the year, although repurchase activity in general remains at subatomic levels.
When measured against outstanding first liens calculated by Inside Mortgage Finance – $11.168 trillion – that means $933.6 billion of residential loans have been impaired (to some degree) by the pandemic.
PennyMac executives cited elevated margins across all channels. Also, production volume rose in the more profitable consumer-direct and wholesale-broker platforms...
At an estimated $106 billion, wholesale-broker production represented 15.8% of first-lien originations in early 2020, the sector’s biggest share since the financial meltdown...