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...

At the end of June, the the insurance giant laid claim to a residential whole-loan portfolio totaling $17.2 billion...

After a three-week lull in deals, JPMorgan Chase and American Mortgage Investment Partners Management are marketing new non-agency MBS.

Annaly issued $1.0 billion of non-agency MBS during the third quarter, depleting its whole-loan holdings...

George Mangiaracina: “Without getting into specifics ... margins are 50% better in GSE than they are non-QM.”