The credit enhancement on the triple-A bonds is a hefty 34.9 percent, according to KBRA.

Purchase-mortgage business at Fannie and Freddie was up a solid 15.5 percent from April, hitting $36.78 billion, tops so far in 2017.

Depositories reported $3.56 billion of mortgage-banking income for 1Q17, a 35 percent sequential decline.

TD Bank is by far the biggest bank investor in card ABS, and in ABS overall, but its $12.71 billion portfolio of card ABS was down some $702.6 million from December.

Agency MBS data suggest the purchase market hit its low spot in January and has been slowing building momentum ever since…

Much of the growth in MBS investments came from two large thrifts: Charles Schwab Bank and E*Trade Bank…

The retail segment saw the biggest decline, dropping 34.6 percent to an estimated $221.0 billion.

In April, Wells Fargo was the top seller of mortgages to Fannie and Freddie with $9.02 billion, followed by Quicken Loans and JPMorgan Chase…

PHH Mortgage continues to ooze losses as well…

In a number of cases, GSE seller-servicers cleaned up pipelines of pending or disputed buyback demands.