The volume of FHA loans securitized into Ginnie Mae mortgage-backed securities increased 2.3% between July and August, while VA loan production sent to Ginnie declined at a similar rate. (Includes two data charts.)

Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.

Following several months of steady growth, issuance of Ginnie Mae securitizations dropped slightly in July. (Includes two data charts.)

Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.

Adams Outdoor Advertising has issued similar securitizations, most recently in 2021 and 2018.

Industry participants continue to try to influence the Securities and Exchange Commission on a proposed rule addressing conflicts of interest in the securitization market.

All major sectors posted gains in securitization activity...

After falling below $100 billion in each of the previous two periods, Ginnie Mae issuance turned a corner in the second quarter. But volume is still far off the numbers for most of the past four years. (Includes four data charts.)

Data show that, in the wake of natural disasters, lenders are more likely to approve, originate and sell mortgages to the government-sponsored enterprises. This raises issues of moral hazard and adverse selection, according to economists.

The changes would improve FHA’s ability to make prompt payments in instances when a HECM lender defaults on its borrower obligations.