Ginnie Mae will meet with nine of its top nonbank issuers to discuss counter-party risk and how they plan to address capital and liquidity issues as part of its continuing surveillance of nonbanks’ financial health.
Since the launch of the single security, investors have increasingly turned to the use of specified pools rather than the TBA market, said Bob Ryan, a former FHFA official and one of the architects of the UMBS.
Fannie Mae, Freddie Mac and Ginnie Mae all recorded big gains in refinance business in 2019, driving their combined MBS production to over $1.5 trillion. (Includes two data charts.)