FHFA Asks the GSEs to be Vigilant About Fast Prepays June 11, 2020 Paul Muolo To ensure the uniform MBS is a “continued success,” the FHFA has asked Fannie and Freddie to be watchful of “key patterns and measures.” Read More
FHA Rolls Out Forbearance Policy, Wants 20% Indemnification June 4, 2020 Paul Muolo With Ginnie Mae forbearance requests now at 13% of outstandings, FHA has introduced a “temporary” policy to cover loans in progress.Read More
Ginnie Mae PTAP Funding a Bit Light at $3M May 28, 2020 Paul Muolo Nonbank Ginnie Mae issuers increased their borrowings under the PTAP program in May but not significantly. Next up: FHA’s forbearance policy on loans in progress. Read More
Fannie Mae Moves Forward with Two CIRT Deals May 28, 2020 Dennis Hollier Directed by its regulator to curtail non-insurance front-end risk transfer deals, Fannie is piling into CIRTs instead. Read More
As Forbearance Keeps Growing, FHA Ponders ‘Loans in Progress’ May 21, 2020 Paul Muolo Ginnie Mae is keeping a close eye on the COVID-19 forbearance readings. The wild card: the FHA’s stance on loans in progress.Read More
Social Bonds Gain Momentum During Pandemic May 21, 2020 Yemeng Yang Bank of America issued a $1 billion social bond to combat the economic impact of the coronavirus, the first U.S. commercial bank to do so.Read More
Ginnie PTAP Could Grow as MF and Reverses Are Added May 14, 2020 Paul Muolo Ginnie Mae's PTAP initiative has been expanded to include multifamily collateral and reverse mortgages could be next. But will issuer usage grow?Read More
Three Mortgage Vendors Offer Senior Notes May 14, 2020 Yemeng Yang Zillow Group, Radian Group and First American Financial recently priced senior note offerings to bolster liquidity.Read More
Ginnie Ponders Private Financing. Forbearance Looms May 7, 2020 Paul Muolo Will the FHA hike premiums as a way to allay forbearance risk on Ginnie Mae-backed loans? Probably not, but it’s an option. Read More
Coming Soon: LLPAs on FHA Loans. A Better Deal? April 30, 2020 A loan-level pricing adjustment payment grid is expected shortly from FHA. The charges could have a profound impact on the Ginnie Mae market. Read More