When Ginnie released its new capital eligibility standards this past summer, nonbanks far and wide were not happy. The agency later extended the implementation deadline until late 2024, but some shops are pondering their options. Ocwen is one of them.

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.

Ginnie Mae could take additional actions on new eligibility requirements if problems emerge in the MSR market.

Trade groups widely supported the new law, but at least one association says the proposed implementing regulation still needs work.

FINRA and the MSRB plan to cut the reporting time for TRACE-eligible trades from 15 minutes to just one.

While credit unions will be treated on par with banks, state housing finance agencies will be fully exempted from capital requirements imposed on those participating in the Ginnie MBS program.

Changes to Form FR-2004 help distinguish between the specified pool and to-be-announced positions of primary dealers.

FHFA is working on an alternative to the single counterparty fee, triggered by a controversial provision in the new capital rule, that requires the GSEs to hold capital against one another as counterparties.

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

The Mortgage Industry Standards Maintenance Organization backed Ginnie’s updates to the digital collateral program.