MSR Buyers Prepping for Split on Delinquencies in Agency MBS June 27, 2024 Brandon Ivey Servicers face more onerous advance requirements for delinquent loans in Ginnie MBS compared with loans in GSE MBS.Read More
Purchase Mortgages Push Up Ginnie MBS Issuance June 13, 2024 Monica Hogan Lenders delivered $27.21 billion of purchase loans into Ginnie MBS in May, up 7.5% from the prior month.Read More
Ginnie Eyes Launch of HMBS 2.0 by Year’s End May 30, 2024 Monica Hogan Dubbed HMBS 2.0, the securitization product would give Ginnie MBS issuers a new funding mechanism to buy back loans with balances over 98%.Read More
Ginnie to Allow eNotes in Same Pool as Traditional Paper May 21, 2024 Dennis Hollier Ginnie will begin mixing eNotes and paper notes within the same pools.Read More
Short Takes: FHA Increases Allowable Fee for Assumptions / Ginnie Requires Plans From Large Nonbanks / New CRT From Fannie / FDIC Chair to Resign May 21, 2024 Brandon Ivey The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.Read More
Purchase Mortgages Push Ginnie MBS Up in April May 16, 2024 Monica Hogan The flow of purchase mortgages in Ginnie Mae MBS increased 15.0% from March levels, while securitization of refinance loans dropped 9.2%.Read More
FHA Loans Lead Boost in Ginnie Servicing May 1, 2024 Brandon Ivey Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.Read More
McCargo to Leave Ginnie, Citing Personal Decision April 22, 2024 Brandon Ivey Sam Valverde, the principal executive vice president at Ginnie, will serve as acting president following McCargo’s departure.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Short Takes: Ginnie Requires More Loan-Level Data / Equifax Increases Mortgage Revenue / Homebuyers Reacting to Higher Interest Rates / Expanded-Credit MBS From Annaly April 18, 2024 Brandon Ivey Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”Read More
RSS