A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.

Priority Financial still wants a Ginnie eagle and believes it has the financial wherewithal to make grade. “We want to resubmit, but we’ve had no communication from them,” said CEO Mark Shenkman.

The problem: regulations differ from state to state, creating liability issues for lenders...

It was never entirely clear to conventional lenders why the LLPA was installed in the first place given the relatively low COVID-related forbearance readings on GSE loans.

Will Fannie and Freddie ride Ginnie's coattails and usher in higher capital standards as well?

The Collins attorneys weren’t willing to discuss their legal strategy, but indicated to Inside Mortgage Finance that they’re “moving forward on all fronts.”

The regulator noted that both Fannie and Freddie also exceeded their loan purchase targets for manufactured housing communities with tenant pad lease protections.

Toomey had originally requested a response by June 21 but none was made. A new demand came on Monday.

To be fair, Kaplan didn’t suddenly come to this conclusion. He’s been pushing the Fed to consider tapering since at least early spring.

Ginnie has been working on the change in requirements for well over a year...