Ginnie Mae has expressed concern about the influx of nonbanks into its MBS program and their ability to remain as active participants.

One mortgage manager, requesting anonymity, said, “We are about to initiate a scorecard now.”

On its largest MSR auction of the year, MountainView said the high bid came in at a multiple of 3.95-times the servicing fee.

“We are hopeful this lawsuit will be resolved quickly so the fee waiver is granted, the data we seek is produced by HUD and the public is granted access to this important information,” the CRC said.

And keep in mind there are some Ocwen investors who are hoping that the company will be sold and the share price will spike.

The mortgage refinance business began losing steam in the third quarter, but purchase-mortgage lending helped sustain agency single-family MBS production during the period, according to a new market analysis and ranking by Inside MBS & ABS. Fannie Mae, Freddie Mac and Ginnie Mae combined to issue $351.70 billion of single-family MBS during the third quarter of 2015, a slight 0.3 percent decline from the previous period. Even with the slowdown, year-to-date agency MBS volume of $976.40 billion had already topped the $929.49 billion in gross issuance for all of last year. The bright spot was...[Includes two data tables]

Wall Street remains concerned about the level of standardization of Fannie Mae and Freddie Mac operations in a single-security environment where investors would be expected to treat them as completely interchangeable. The Structured Finance Industry Group this week reiterated its concern about the Federal Housing Finance Agency’s plan to avoid “complete alignment” of the two government-sponsored enterprises’ operations. In a May 2015 update on the single security, the FHFA said it would carefully assess business decisions that could lead to different prepayment speeds, but that buy-out and removal policies at the two GSEs are essentially the same. That isn’t...

Ginnie Mae is considering the implementation of stress testing for MBS issuers to see whether they can withstand the worst economic and financial market conditions. Over the next couple of years, Ginnie Mae will develop a framework for stress testing modeled after the Dodd-Frank Act’s supervisory stress testing currently required of bank holding companies, said Gregory Keith, senior vice president and chief risk officer, during a recent Ginnie Mae summit. The test will subject...

Banks, thrifts and credit unions increased their agency mortgage-backed security issuance by 0.9 percent from the second to the third quarter, while nonbank issuance was down 1.3 percent.

The Financial Industry Regulatory Authority has adjusted a proposal that would set margin requirements for to-be-announced MBS. The independent regulator made some concessions to industry participants compared with a proposal issued in January 2014. FINRA’s proposed rule change was filed with the Securities and Exchange Commission this week. Comments will be accepted for 21 days after the proposal is published in the Federal Register, which is expected shortly. FINRA noted...