If the FHFA’s assessment is correct, mortgage servicers can withstand a substantially deeper economic downturn than originally thought.

Heavy refinance volume pushed Fannie/Freddie MBS production to $175.5 billion in April, one of the highest monthly totals in GSE history. Nonbanks continued to lead the charge. (Includes two data charts.)

Treasury Secretary Steven Mnuchin said in an interview late Thursday that the Trump administration has no plans to fund a Federal Reserve facility to finance servicer advances.

Fannie Mae and Freddie Mac will purchase single-family mortgages that are in forbearance. But there’s a catch: steep LLPAs.

Over the last couple of weeks, the Federal Reserve has slowly tapered its MBS purchases. But even with healthy MBS prices, mortgage rates remain higher than formula dictates.

The list, which currently includes only four pools, will be updated weekly. It can be found on the DUS Disclose page of Fannie’s website.

The Real Estate Roundtable urged regulators to suspend mark-to-market rules as the industry fights off the economic impact of the coronavirus.

Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers.

Freddie Mac priced two K-deals, which include separate floating-rate tranches linked to LIBOR and SOFR.

Nonbank market share declined slightly in the first quarter largely because depository institutions were selling older loans to Fannie and Freddie. Refi business ramped up in March. (Includes two data charts.)