Democrats and consumer advocates suggest that some servicers aren't following forbearance requirements established by the CARES Act.

Underwriting standards on jumbo mortgages tightened in March and April amid volatility from the coronavirus. The spread on interest rates for jumbo mortgages is also wider than it was before March.

United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019.

Nearly 8% of mortgages in the MBS are in forbearance, though all of the borrowers are current on their payments.

Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year.

Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations.