The announcement puts FHFA policy in line with other federal government agencies, including the FHA and the VA.

“The number of primary delinquent loans was 55,537 as of December 31, 2020, compared to 62,737 as of September 30, 2020 and 21,266 as of December 31, 2019,” Radian noted in its earnings report.

According to Inside Mortgage Finance, some of the GOS declines suffered by individual shops have been steep, to say the least.

As one industry headhunter quipped: “For a while now, GR seems to be the preferred choice for Wells Fargo’s top producing LOs. It’s all about the money…”

Of course, just because the 10-year moves that doesn’t mean mortgage rates will follow in lockstep.

Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.

MBS has been a favorite of institutional investors during these troubled times...