The supply of single-family MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae grew another 1.4% in the first quarter, hitting $7.134 trillion.

And the good news? The company is once again originating (after suspending production in the spring) but only for Fannie Mae, Freddie Mac and FHA/VA products.

The top-five origination tally for 1Q20: Nonbanks 3, Depositories 2...

Most of Freddie’s buyback claims end up being withdrawn by the GSE. A substantial share of Freddie’s loan purchases are underwritten through Fannie’s automated underwriting platform, but not all of the Desktop Underwriter extended services are available if the loan is sold to Freddie.

Cowen Research: "The issue is what happens in August and September if the government permits expanded unemployment benefits to expire.”

Thanks to the coronavirus, it was the worst earnings for mortgage banking since the fourth quarter of 2008…

Forbearance tallies keep falling, which is good news for both servicers and consumers...

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.

Home-equity lending volume rose modestly in the first quarter to an estimated $49.0 billion...

On an unadjusted basis, new business increased 7.0% from the week before…