Refinances account for 83.1% of the collateral. The average interest rate is 3.00%, the average credit score 780...

Mark Szczepaniak: "The uptick in nonperforming loans hasn’t been that troubling to us because historically we have always made money on these nonperforming loans and we continued to do that straight through 2020."

Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.

For the full year, expanded-credit lending was off 28.7% to an estimated $37.3 billion. The reason: Liquidity problems sparked by the pandemic.

Impac's production nearly doubled on a sequential basis in the fourth quarter but margins compressed.

Only a handful of non-QM MBS took losses. The reason: Investors were protected by credit enhancement...

Deals are on the way from Redwood Trust, Quicken Loans and Wells Fargo.

Under standards established during the last days of the Trump White House, the patch was set to expire for loans with applications of July 1, 2021 and beyond.

Wells Fargo was the top jumbo servicer, with $268.73 billion of product at yearend, down 14.2% from the end of 2019.

Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...