JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...

Some $3.86 billion of expanded-credit MBS was issued in the first quarter, up 13.2% from 4Q20...

Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost...

When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...

Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts.

The $394 million MBS from MFA marks the debut of ServiceMac as a subservicer for Acra Lending...

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...

Bottom line: These smaller shops will need to make additional capital investments to effectively compete against larger seller/servicers.