Government home loan programs should find ways to bring banks back into the fold, Ginnie Mae President Alanna McCargo said.

As part of its 2024 budget proposal, the White House has asked for a $20.6 million increase in funding for Ginnie Mae.

Agency MBS industry insiders recently discussed specified pools, prepayment rates, home price growth and problems with ESG investing.

Ginnie Mae is seeking a new executive vice president and chief operating officer, a position that became vacant just last week.

The mortgage servicing rights market has been incredibly volatile lately, Ginnie Mae President Alanna McCargo told attendees at SFVegas.

Global conflicts top of mind at SFVegas; ESG and credit risk; no housing-finance reform expected when the sun’s out; Ginnie looking to fill COO position; American Car Center’s subprime ABS under review.

Ginnie Mae has reduced the required minimum size for MBS pools with home-equity conversion mortgages to $250,000 from $1 million.

FHA and VA are collaborating with Ginnie Mae on new low- to moderate-income disclosures for MBS pools to help investors meet environmental, social and governance mandates.

Ginnie reduces minimum required pool size for HMBS; Ares Management to issue non-QM MBS; S&P extends comment period on triple-net lease changes; Stifel builds out agency MBS unit; commercial MBS issuers urged to consider advertising.

Ginnie Mae announced details of the changes to seasoning requirements for pooling of reperforming loans.