Prime jumbo MBS issuance continues to be dominated by 30-year FRMs, with few interest-only products represented…

Ginnie will soon require its largest issuers to secure servicer ratings and, in some cases, credit ratings…

The structure results in principal payments to subordinate classes earlier in the transaction…

The allegations center on loans submitted to FHA for insurance coverage from January 2006 to Dec. 31, 2011.

Otting is Comptroller of the Currency. The speculation is that he will pull a Mick Mulvaney and wear two hats for a while…

In total, 54.0 percent of the loans were underwritten using bank statements…

Most of the third-quarter slippage occurred in the business-finance category, where ABS production tumbled 51.2 percent...

FHA is running on a 40-year old IT system…

The FHFA IG says "a number" of director positions at Fannie and Freddie are set to expire: "Changes in leadership can lead to a lack of attention to internal controls..."

Participants in Ginnie Mae’s single-family mortgage-backed securities program may expect new policy changes, including servicer and credit ratings for the largest issuers, clarification of “appropriate sources of liquidity” and other financial requirements. The changes come as issuer liquidity continues to be a primary concern for Ginnie Mae, particularly with nonbanks now the dominant segment in the single-family MBS program. “We’re working on those policies right now,” said Leslie Meaux Pordzik, Ginnie’s acting senior vice president, Office of Issuer and Portfolio Management, at the Mortgage Bankers Association’s annual convention in Washington, DC, this week. Nonbanks account for nearly two-thirds of Ginnie MBS issuance and approximately 75 percent of FHA and VA lending. Nonbanks serviced a record 61.1 percent of outstanding Ginnie single-family MBS at the end of the ...