Hope springs eternal that the Fed's TALF initiative will be used to aid the non-QM MBS market. It's just a matter of when.

Momentum generated by Velocity Financial ground to a halt in March due to the coronavirus. Income for the first quarter declined 50% and half of the firm's staff was furloughed.

PennyMac Financial Services said margins were helped by reduced competition due to tighter underwriting standards as some firms suspended lending activities altogether...

Fitch and KBRA assigned preliminary AAA ratings to the new MBS. Both incorporated coronavirus-related stress measurements to their calculations...

Top contributors to the deal include 5th Street Capital with a 42.8% share and Sprout Mortgage (41.0%). Servicing is being divided among Specialized Loan Servicing (62.4%), Fay Servicing (31.4%) and Lima One Capital (6.2%).