The top officer of Ginnie Mae announced his resignation this week as the nation gets ready for a new occupant in the White House. A successor? Not yet.

Due to the resurgence in coronavirus infections, recovery in the travel and hotel sectors will be even slower than what was expected a few months ago.

Various announcements by Ginnie, FHFA and the GSEs helped investors in MSRs get more comfortable in recent months. Meanwhile, use of Ginnie’s PTAP financing option remains minimal.

The enterprise said 544 loans from uniform MBS pools and 677 loans from mega/super pools were erroneously liquidated due to a servicer’s error. Investors in the securities have the option to pursue claims.

Now that we may have a new president (or maybe not), the jockeying has begun for the top posts at HUD, Ginnie Mae and elsewhere.

The Toronto-based alternative asset manager is tapping the commercial MBS market to finance part of its acquisition of a hotel portfolio.

While Fannie began accepting single-family SOFR-indexed ARMs in Au-gust, it stopped taking LIBOR-indexed mortgages at the end of September. By the end of the year, the enterprise will no longer issue LIBOR-linked MBS.

With a relatively high share of borrowers missing mortgage payments, investors in non-agency MBS are seeing reduced cash flows and, in some cases, losses. Though mortgage performance is improving, the outlook for investors remains uncertain.

MBS trading slowed in September but market volatility returned this week, portending dicey conditions in the weeks ahead.