Lone Star Funds is the first non-QM MBS issuer to have a second deal in the market since activity resumed in May.

Loans in the $351.5 million MBS have seasoned for an average of five months and 24% are in forbearance.

The three agencies reported a total of 1.2 million single-family loans one payment past due, or 3.03% of their combined portfolio. Ginnie’s 4.78% 30-day delinquency rate was the highest, including a 5.68% rate for FHA loans.

Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...

Self-employed borrowers had the worst performance, on average, followed by loans for investment properties...

SFA's Michael Bright: It looks like jumbo MBS has the highest probability of being included in an expanded TALF...

Several REITs have not yet reported first-quarter financials, so the sector’s sell-off may have been somewhat larger.

Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.

According to the offer circular, the package (19 loans in total) also boasts an average FICO score of 721. Roughly 30% of the paper is based in California, with representation in Florida and Texas as well.

The flow of first-time buyer loans was up 20.0% from the first five months of 2019...