All issuers must comply with the revised requirements, which take effect immediately, in order to remain an eligible participant in the Ginnie Mae program.

It is unclear how many developments have expired approvals but the number could be significant, Shrum said.

The judge presiding over the case ruled that securities law regulates "disclosure of information, not the mismanagement of a company...”

Is the subprime MBS market ready for a revival, at least a small one?

Ginnie Mae had the smallest decline of the three agencies as new issuance slid 4.7 percent from July.

Besides being in charge of retail and correspondent lending, DeVito will oversee sales, operations, quality control, compliance, underwriting and support services.

New issuance of single-family agency MBS dropped sharply in August as production slowed across the board at Fannie Mae, Freddie Mac and Ginnie Mae. A new Inside MBS & ABS analysis reveals that the three agencies produced $109.34 billion of single-family MBS during August, a 15.1 percent decline from July’s level. August 2015 was the slowest month since March, though it was 20.2 percent higher than a year ago. Freddie posted...[Includes three data tables]

Angel Oak Mortgage Solutions in Atlanta hopes to price its first-ever nonprime MBS sometime next week – a $150 million bond issued through Nomura Securities, a top Angel Oak executive told Inside MBS & ABS. Mike Fierman, managing partner and CEO of Angel Oak Companies, an affiliate of the lender, said officials have been on an investor road show the past week or so, crisscrossing the country. “Investors love...

Some $800 million in servicer-advance ABS was issued by New Residential last week, helping to restart activity in the sector. New servicer-advance ABS issuance had stalled due to issues with ratings from Standard & Poor’s, the predominant rating service in the market. The two deals concurrently issued by New Residential followed a $225 million issuance by Ocwen Financial at the end of June. The firms helped end a year-plus long break in the issuance of rated servicer-advance ABS. In April 2014, S&P placed...

Bond and MBS prices held steady this week, but market watchers expect that volatility, in general, will persist on pricing until the Federal Open Market Committee meets later in the month to discuss the fate of short-term interest rates. Deutsche Bank, among others, predicts that the FOMC will call for a rate hike then, but it isn’t entirely certain given China’s financial problems. If China continues to crater, the Fed could hold off. Others are predicting...