CBO Flags Risks to Ginnie MBS Program Under Stress January 13, 2022 Monica Hogan The Congressional Budget Office looked at how an increase in nonbank issuers and a higher volume of VA loans might put Ginnie Mae’s MBS program at risk.Read More
Ginnie EBOs Starting to Look a Bit Rich December 9, 2021 Paul Muolo The “easy money” may be over in the Ginnie early buyout space. Some bidders are paying north of 102 for product.Read More
Home Point Cites ‘Scale’ in Exit from Ginnie Servicing December 1, 2021 Paul Muolo The Ginnie Mae issuer market is dominated by nonbanks but at least one issuer/servicer is heading for the hills: Home Point.Read More
Ginnie Servicers Using ‘Soft’ Information to Fuel Early Buyouts November 24, 2021 Paul Muolo A recent white paper from three academics attempts to cast some light on the practice of Ginnie Mae EBOs. But should the end investor be worried?Read More
Industry Hoping Ginnie Capital Proposal Is Withdrawn October 7, 2021 Paul Muolo Ginnie is staying tight-lipped regarding its new, stricter capital proposal. Is it possible the entire exercise will come to naught?Read More
New Freddie Programs for Investors, Buyers and Sellers September 16, 2021 Dennis Hollier Investors in Freddie’s new When-Issued K-Deal have the right to exchange them for K-deal A-M certificates to be issued in the future.Read More
The Beat Goes On: Nonbanks, Risky or Not? September 9, 2021 Paul Muolo Nonbanks, risky or not for the MBS market? Ginnie Mae’s new capital proposal may finally settle the question. If it becomes final...Read More
How to Move from the Cash Window to MBS August 19, 2021 Dennis Hollier Unpacking the transition from cash seller to guarantor. MCT experts and Freddie officials explore differences in pricing, servicing, and operations.Read More
Opposition to Ginnie RFI Targets Risk-Based Capital August 12, 2021 Paul Muolo Commentators seem to agree that stronger capital positions are good for the Ginnie Mae business in general, but getting there is the hard part.Read More
Agency MBS Volume Growing in Repo Market August 12, 2021 Dennis Hollier In the past six years, repos backed by MBS nearly doubled to roughly $400 billion a day, a new Federal Reserve study found.Read More
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