Servicers of government loans in Ginnie Mae mortgage-backed securities will need to ramp up buyout activity as delinquencies in their portfolios increase.
The granular fee documentation requirements VA imposes on lenders are inconsistent with how some services are priced, according to the Mortgage Bankers Association.
In the month since announcing its partnership with Tradeweb, Maxex has seen growth in its digital exchange platform. The company also made updates to its non-QM Select 5 program.
If originators moving into the non-agency space are not careful with product types unfamiliar to them, there can be risk and operational ramifications downstream.