The Ginnie Mae issuer market is dominated by nonbanks but at least one issuer/servicer is heading for the hills: Home Point.

A recent white paper from three academics attempts to cast some light on the practice of Ginnie Mae EBOs. But should the end investor be worried?

Ginnie is staying tight-lipped regarding its new, stricter capital proposal. Is it possible the entire exercise will come to naught?

Investors in Freddie’s new When-Issued K-Deal have the right to exchange them for K-deal A-M certificates to be issued in the future.

Nonbanks, risky or not for the MBS market? Ginnie Mae’s new capital proposal may finally settle the question. If it becomes final...

Unpacking the transition from cash seller to guarantor. MCT experts and Freddie officials explore differences in pricing, servicing, and operations.

Commentators seem to agree that stronger capital positions are good for the Ginnie Mae business in general, but getting there is the hard part.

In the past six years, repos backed by MBS nearly doubled to roughly $400 billion a day, a new Federal Reserve study found.

It’s easier for banks to complete buyouts of mortgages from Ginnie MBS than nonbanks due to banks’ funding advantages. Nonbanks are also increasingly modifying mortgages rather than offering partial claims. 

The end of the QM patch — thanks to a maneuver by the FHFA and Treasury — could help the non-agency market compete with the GSEs.