Ginnie announces 18-month transition for single-family home and manufactured housing program issuers to its new single-family pool delivery module; Ginnie streamlines documentation requirements for servicers helping borrowers through advanced loan modifications.

Total Ginnie issuance was down 3.2% largely due to an 18.7% collapse in rate-term refinance.

During the firm’s earnings call, founder and CEO Anthony Hsieh assured analysts the nonbank has plenty of liquidity and will gain market share in the year ahead.

The general consensus among executives and loan officers over the past two weeks is that layoffs likely are on the way — it’s just a matter of when.

Where does the mortgage industry fit in? “The biggest barrier left to scaling up ADUs is finance,” said Karen Chapple, a professor from the University of California at Berkeley.

Angel Oak is sourcing loans from lenders beyond its affiliates, Invictus reached a diversification milestone and Angelo Gordon went the other way, sponsoring a deal with loans from just one lender.

Loan-level details from CoreLogic provide a comparison of interest rates charged on jumbos and conventional mortgages. One finding: Spreads returned to pre-pandemic levels in the second half of 2021.

Select Portfolio Servicing added nearly twice as much servicing from just-issued non-agency MBS in the fourth quarter as it did in the third. Shellpoint remains the largest servicer of recently issued non-agency MBS. (Includes data chart.)

FHFA’s increase of fees on GSE mortgages for second homes could shift some volume into the non-agency market. Demand for second homes is also increasing.

Non-agency mortgages, both jumbos and non-qualified mortgages, look promising to Western Alliance Bank as margins on conventional-conforming loans compress and production falls.