Ginnie Mae President Alanna McCargo said she’s hopeful the one-year extension of the implementation deadline for Ginnie’s new risk-based capital requirements will give its nonbank issuers room to breathe and time to consider their restructuring.

Ginnie Mae believes the year-plus implementation period should give potentially affected issuers enough time to plan and execute strategies for coming into compliance its new risk-based capital requirements.

The government guarantor is considering making its pandemic-era pass-through assistance program credit facility for nonbanks permanent. And it comes at a pressing time.

Industry groups argue that assessing fees on commingled collateral could undermine market confidence in the UMBS.

Some experts now say Federal Reserve purchases of agency MBS will fall to zero by September.

Ginnie Mae President Alanna McCargo wants small banks, credit unions and community development financial institutions to have access to the Ginnie securitization program.

Small lenders may be able to avoid some of the margin requirements by diversifying the pool of broker-dealers they use for hedging.

Nonbanks will need to provide more details about how they value MSRs as Ginnie works on its new capital rules. The good news: MSRs are worth a lot more these days.

The Structured Finance Association is assessing investors’ and brokers’ preferences for replacing LIBOR in structured finance bonds.

Nonbank boosters continue to fear Ginnie Mae’s final capital rule may not accurately reflect the intrinsic value of MSRs. Others fear it could be too soft.