bivey@imfpubs.com 

The House approved appropriations legislation Wednesday that included an increase in funding for salaries and expenses at Ginnie Mae. The bill included $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023... 

The Securities and Exchange Commission issued a final rule Wednesday regarding climate-related risk disclosures. Bob Broeksmit, president and CEO of the Mortgage Bankers Association, urged states to treat the SEC’s requirements as a maximum requirement for climate disclosures. 

“We urge state legislatures to refrain from proceeding with, or introducing, proposals that exceed this rulemaking or that impose costly and time-consuming reporting requirements that adversely impact businesses and consumers in their state,” he said... 

Finance of America Companies, which focuses on reverse mortgages, took an adjusted loss of $20 million for the fourth quarter. That was an improvement from the previous quarter when FoA took a $25 million loss... 

Freddie Mac is set to auction nonperforming loans with a total unpaid principal balance of $120 million.

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PennyMac Loses Market Share Among GSE Sellers 

PennyMac sold $13.20 billion of loans to the GSEs in 3Q23 ($6.26 billion to Fannie Mae and $6.94 billion to Freddie Mac) but saw its share of the GSE sales market drop to 7.6% from 8.3% in the second quarter. Learn more about PennyMac and the other 24 top lenders with IMF’s Top 25 Lender Profiles. On one data-filled page per lender, you’ll have specifics on volume and share by product, servicing performance, channel breakdown, secondary market choices and more. Available by the set or individually, for a specific quarter or as a four-quarter subscription.