Ginnie MBS servicers received a shot in the arm earlier this month thanks to new language in a PTAP facility.

Greystone to provide $25 million in HUD-insured construction financing for a multifamily project; the COVID-19 outbreak has spurred technological innovation at FHA; A new hire for Down Payment Resource.

Ginnie and FHA are working with Treasury and the Fed to allay fears about nonbank liquidity as COVID-19 lays fallow the U.S. economy.

Freedom Mortgage, a key originator of FHA and VA loans, recently had its debt downgraded. Of course, it’s hardly alone on that score.

As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much.

Genworth will contribute $100 million to its private mortgage insurance unit in order to facilitate its acquisition by China Oceanwide.

The Federal Housing Finance Agency has proposed separate capital and liquidity requirements for servicing GSE loans and mortgages backing Ginnie securities. The new minimum liquidity requirements will affect only nonbanks and could benefit banks and private MIs.

The financial condition of nine of Ginnie’s largest nonbank issuers is under review as part of the agency’s ongoing effort to ensure they are financially capable of withstanding the worst economic conditions.

A recent memo from HUD and DOJ appears to have eased the use of False Claims Act in FHA enforcement. However, compliance attorneys warned lenders not to let their guard down.