Nine months through the year, IO production is up 60.0% compared to the same span in 2019...

Close to 40% of loans in the MBS have been in forbearance, but with many returning to current status.

Even though Wells shut off its correspondent spigot for jumbos early in 2Q20, $1.88 billion of product came through the channel...

Under the new language, a loan meets the general QM definition if its annual percentage rate exceeds the average prime offer rate (APOR) for a comparable transaction by less than 2.25 percentage points.

The FHA/VA market was more subdued, with total conforming-jumbo loans pooled in Ginnie MBS rising 16.7%. The VA program accounted for 83.0% of government-insured jumbo volume, with quarterly securitization up 17.7%.

Nearly 30% of borrowers with loans in the deal have received forbearance or a deferral. The servicer, Citadel, will not make advances on delinquent payments.

Quicken Loans is the top contributor to the new Morgan MBS, accounting for 36.3% of the collateral.

MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."

Production in the sector is heavily dependent on demand by investors in the secondary market...

In the third quarter Impac posted net earnings of $1.6 million compared to a loss of $22.8 million in 2Q20...