Overall volume was up for both purchase and refinance loans as Ginnie posted its second-highest monthly MBS issuance. VA provided most of the oomph. (Includes two data charts.)
Read More
The bank is considering reentering the FHA market, which it fled in 2014 due to tougher regulations and onerous monetary penalties for violating lending rules. The exit of large banks allowed nonbanks to establish a foothold and the correspondent market to flourish in the FHA space.
Read More
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.
Read More
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.
Read More
An IG audit has discovered delays in servicer reporting of FHA-HAMP loan modifications and filing of partial claims, resulting in HUD’s inability to act on problems in a timely manner.
Read More
FHA reforms suggested by the MBA include streamlining of servicing requirements and standardization of guidelines for downpayment assistance programs.
Read More
HUD seeks condominium-related data collection approval from OMB; Ginnie plans revision of file layout for HMBS pool-level disclosures; automated set-up of electronic funds transfer accounts.
Read More
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.