The top contributor to the deal is JMAC Lending with a 7.3% share, followed by Commerce Home Mortgage (7.0%) and loanDepot (6.4%).

The CFPB proposed standards for qualified mortgages that don’t rely on a loan being eligible for sale to the government-sponsored enterprises.

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...