The impairment rate on non-QM MBS declined by 70 basis points in August even as enhanced unemployment benefits ended in late July.

Fun fact: With correspondent losing share, many small and mid-sized firms began selling directly to the GSEs...

In other words, all that chatter about an end to paper document is overblown.

According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.

When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....

The trend of sharply declining repurchases commenced in 2014 as investors and sellers began settling buyback claims on mortgages dating back to before the financial crisis.

Fun fact: Among the top 10 wholesalers, not one is a depository…

The Fed boosted its MBS holdings by a stunning 39.7% in 2Q20 while commercial banks posted a mere sequential gain of 1.6%...

Meanwhile, depositories upped their production game by 48% compared to the first half of 2019...

The only declines in IO production among the group were at non-depositories...