This summer, non-cash-flowing loans as a share of aggregate current balance of non-agency MBS ranged from around 5% of post-2010 prime non-agency MBS to as high as 26% for legacy deals...
“While 2003 was a bigger overall mortgage year than 2020 will be, the GSE portion of the market is larger and will likely push this into the biggest year for Fannie and Freddie ever,” said Dave Stevens, the former FHA commissioner.