Mortgages in the $272.3 million MBS have seasoned for an average of six months.

Due partly to the pandemic, which had an outsized negative impact on non-agency lending, the jumbo sector saw its share of overall originations drop to just 9.7% in 2020 from 16.7% in 2019.

One consultant asks: Why would you want to retain servicing in a state with really high delinquencies?”

The amended preferred stock purchase agreement between the FHFA and Treasury includes limitations on acquisitions of mortgages for investment properties, second homes and products with “high risk” characteristics...