Cowen Research: "The issue is what happens in August and September if the government permits expanded unemployment benefits to expire.”

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.

In a statement, JPM CEO Jamie Dimon – no big fan of the mortgage industry – said he is “pleased” his company was selected as Freddie’s underwriting advisor.

So far, the industry response has been positive, with a thumbs up coming from CMLA...

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

To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...

All three agencies recorded declining purchase-mortgage volume...

The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...

But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.