But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...

The California-based lender said it has satisfied "all" margin calls and obligations under its warehouse facilities...

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.

Total Ginnie MBS production last month came to $61.34 billion, topping the previous record set in October 2019.

Fun fact: Refi applications are up 176% from last year.

When measured against outstanding first liens calculated by Inside Mortgage Finance – $11.168 trillion – that means $933.6 billion of residential loans have been impaired (to some degree) by the pandemic.

PennyMac executives cited elevated margins across all channels. Also, production volume rose in the more profitable consumer-direct and wholesale-broker platforms...

FHA's policy statement could see the light of day next week, or not...

According to figures compiled by Black Knight, 4.7 million homeowners are in forbearance plans...

A year ago, IRRRL activity totaled just $1.99 billion. In the first three months of 2020, it rocketed to $42.01 billion.