Finance

With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.

The delinquent loan inventory more than doubled compared with the prior year.

The mortgage servicing rights package going up for bid adds to signs that the market for large offerings is becoming more active.

The year-over-year increase came as homebuying picked up and the company's mortgage lending business boomed.

The company's servicing segment recorded a pretax loss of $251 million over the period.

Even with the second quarter's market disruption, Redwood Trust still regained profitability.

Fintechs are facing unique challenges in the pandemic. There might be a resurgence in funding on the horizon, but startups are looking to see what they can do now to weather the storm.

Fannie, Freddie also announced they'll face banklike liquidity standards starting Sept. 1.

The mortgage giants will have to meet benchmarks for covering cash flow needs during stressed periods. The FHFA views the requirements as a prerequisite to the companies exiting conservatorship.

While low interest rates drove up new insurance written, the increased defaults stymied overall performance.