Ginnie Mae came to the rescue of a handful of MBS issuers with its PTAP program. Meanwhile, Fannie/Freddie issuers needing cash because of the pandemic have some new options, but will they be used?

The coronavirus economic assistance package is signed, sealed and delivered but concerns remain over the ability of nonbanks to pay MBS holders in the event delinquencies spike over the short term.

A resumption in quantitative easing — at a pace that dwarfs asset purchases during the financial crisis — is just one of several Fed actions to keep credit markets functioning through the coronavirus crisis.

Federal forbearance on government backed mortgages is a panacea to deal with the economic fall-out caused by the novel coronavirus. But eventually there will be implications in the primary and secondary markets.

Bank of New York Mellon is no longer an approved MBS document custodian for Ginnie Mae.

The issue of allowing nonbanks into the FHLB System hasn’t gone away. A new RFI on the concept will undoubtedly ruffle some feathers.

The current standard language in leveraged loan documents may expose issuers to heightened credit risk and a spike in debt service costs when LIBOR is no longer viable, according to Fitch Ratings.

The government agency’s new issuer portal, MyGinnieMae, gives individual users a single access point to all its systems.

Another nonbank lender/servicer is issuing debt. This time around, it’s Mr. Cooper, a top player in the Ginnie Mae market.

GSE recap-and-release work will generate millions of dollars in fees for the lucky advisory firms. In a few weeks, the FHFA is expected to announce its counsel.