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

“It was a case of ‘we’re all in this together,’ until it wasn’t,” Shenkman said.

The $439.2 million deal was in the works before economic volatility from the coronavirus stalled activity...

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

Lone Star Funds is the first non-QM MBS issuer to have a second deal in the market since activity resumed in May.

Loans in the $351.5 million MBS have seasoned for an average of five months and 24% are in forbearance.

Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...

Self-employed borrowers had the worst performance, on average, followed by loans for investment properties...

SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF...

The planned MBS will be stocked with mortgages originated earlier this year, before volatility paused non-agency MBS issuance.