Manufactured housing loans remain a tiny fraction of GSE acquisitions, but that share has nearly doubled since 2019 and plays an important role in spec pooling.
By taking steps to shore up the financial standing of nonbank lenders and servicers, Ginnie Mae is providing confidence to both MBS investors and warehouse lenders.
A panel of mortgage industry veterans concluded that the best scenario MBS investors can hope for in the upcoming election is that neither side wins a clean sweep of the presidency and Congress.
Residential MBS transactions will likely experience a spike in delinquencies, but performance will return to pre-storm levels within a year, according to Moody’s.
Ginnie Mae must firm up plans to boost nonbank issuer liquidity for times of stress and set policies for transferring MSR in the event a large servicer exits the market, speakers said at a summit this week.