Lower demand and drastically reduced issuance may balance out in the MBS market. Meanwhile, high spreads mean the asset could attract new investors.

The need for Ginnie Mae nonbank issuers to have ongoing access to capital is key to their success, and that informs the agency’s approach to policy and risk management, said Ginnie President Alanna McCargo. 

Spreads on new non-agency MBS issuance are tightening. Still, issuance is expected to decline on an annual basis.

With mortgage banking profits under pressure these days, sleep is still being lost over what might go wrong in the nonbank sector regarding Ginnie Mae obligations. One idea: a commercial paper backstop.

The FDIC has filed several lawsuits related to its role as receiver in the liquidation of Washington Mutual.

Fitch Ratings has released an exposure draft of criteria for rating single-borrower single-family rental securitizations, with key ratings drivers including property valuation analysis and ratings stresses.

UBS exiting TBA trading business; Ginnie to increase servicing disclosures; Ellington to acquire Arlington.

The trillion-dollar threshold has only been reached once before.

Borrowers could use interest-free partial claim funds to repay shortfalls on an FHA mortgage to bring it current and then receive a reduced monthly payment for three to five years.

Mortgage trade groups asked the Conference of State Bank Supervisors to alter some elements of proposed reporting requirements.