The flows into commercial MBS of loans backed by office properties, retail facilities, hotels, apartments and industrial properties were all down sharply from the fourth quarter, a victim of the economic damage caused by the COVID-19 pandemic.

Fun fact: Nonbanks have taken over the top-50 ranking, with only 18 depository institutions making the cut in the first quarter...

Mortgage bankers not affiliated with depository institutions owned mortgage-servicing rights for $1.363 trillion of loans backing Ginnie MBS, or a stunning 67.8% of the market.

Some $56.56 billion of ABS were issued in the first quarter of 2020, a sturdy 20.1% sequential gain, according to exclusive figures compiled by Inside MBS & ABS...

Ginnie MBS data show an increase of 72,224 loans recorded as 30 days past due from February to March. Some 56,266 of those newly delinquent loans were FHA-insured.