These are not calming times for investors in Ginnie Mae MBS. Forbearance ratios are on the rise again and then there’s the buyout issue.

The fall in prepayment speeds follows four successive months of steady increases. This may have something to do with how the rate is calculated.

A new 50-basis-point fee on GSE refis caught the mortgage industry off guard this week. A big deal or much ado about nothing? Either way, lenders are not happy.

It’s here: A mortgage-backed security, 15-years in duration, that pays investors a note rate of 1.5%. Would you lock up your money for that long? You may not have a choice.

In the first half of 2020, Freddie priced 28 deals totaling $20.73 billion. So far in the third quarter, it has already brought 10 and has 13 transactions on its calendar through September.

Ginnie Mae’s online portal will be the sole avenue to access all its systems, including GinnieNET and GMEP, from Dec. 1.

Where are all the Ginnie Mae applicants? The waiting list has dwindled to a trickle. Reason: The pandemic and related issues.

Former Ginnie President and current PennyMac Director Ted Tozer thinks so.

The average daily trading volume in MBS continues to head south as new creation proliferates and investors worry about the Dow blowing up again.

There’s nothing wrong with buying delinquent mortgages out of Ginnie pools, but some issuers may have been getting too greedy during the pandemic.