The soft performance in the FHA/VA market was all due to declining production in the correspondent and wholesale-broker channels. Retail originations of government loans were up 38.4% for the survey group.

According to Inside Mortgage Finance, consumers owe $11.29 trillion on their first-liens, which means $782.1 billion worth of loans are potentially at risk.

In the first six months of 2020, originators of all stripes funded $23.3 billion of EC loans, accounting for 1.5% of total first-lien production. Somewhat surprisingly, lending volume for the sector was up 5.4% compared with the halfway point of 2019...

In 1Q20, REITs – slammed by margin calls – shed $120.21 billion of securitized product from their portfolios. At the midway point in 2020, the industry’s MBS holdings remained far below the fourth quarter.

The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.

The top three sellers to Fannie and Freddie in August: Quicken Loans, Wells Fargo and United Wholesale Mortgage.

A handful of mortgages in the MBS were previously in forbearance due to financial difficulties from the coronavirus.

On Friday, Black Knight issued its relief tally: 3.7 million mortgagors in forbearance as of Sept. 8, down 66,000 units for the week. The data analytics firm noted that 2 million forbearance  plans are set to expire this month.

MBA: The onset of the COVID-19 pandemic had a dramatic and immediate impact on lodging and retail properties, which flowed through to the underlying mortgages...

Mortgage credit supply in August fell to its lowest level in six year, driven by a reduction in supply from both conventional and government segments t, according to a recent tally by the Mortgage Bankers Association.