Arch MI: “The loss ratio for the 2020 first quarter reflected 12.0 points of losses which resulted from financial stress due to the COVID-19 global pandemic."
MBA estimates 3.8 million consumers were in forbearance as of April 26. On Friday, data analytics provider Black Knight came to the same reading, but its study represented measurements as of April 30.
As of Monday, roughly 36 states were open (partially or otherwise) for business again. But that doesn’t mean that magically everyone goes back to work...
However, one industry rep told us that although some of his members are furious with the Federal Housing Finance Agency, others have expressed relief. “Some have told me, at least the LLPAs give them an option”…
Ginnie officials have received high marks from the industry for setting up a liquidity facility during the early days of the coronavirus crisis. But how many program applicants have there been? We may find out soon.
Designed to aid MBS issuers hurt by the pandemic, the Ginnie Mae PTAP has received high marks thus far. Details about usage could be released before the weekend starts.