Ginnie Mae guaranteed just $374.92 billion of new single-family mortgage-backed securities in 2023, its lowest in nine years. VA’s share of Ginnie activity narrowed to 37.4% from 43.3% in 2022.
Industry participants are asking Congress to fully fund the salary and expense requests for both FHA and Ginnie Mae during the fiscal 2024 budget appropriations reconciliation.
Endorsements of FHA and VA insured loans increased by 9.2% in the third quarter while total first-lien originations declined. (Includes three data tables.)
Some $30.43 billion in Ginnie Mae mortgage-backed securities was issued last month. FHA volume held up better than VA activity. (Includes two data tables.)
The Mortgage Bankers Association and the National Mortgage Servicing Association want FHA to make additional revisions to rules for its planned partial payment supplement partial claim loss-mitigation program.
Industry participants support FHA’s plans to update policy on acceptable monetary investment funding sources and interested-party contributions for its home equity conversion mortgage for purchase program.
VA issues circular on foreclosure moratorium; Ginnie is looking for new senior vice president for the Office of Enterprise Data and Technology Solutions.