In a bid to ensure the GSEs maintain oversight of UMBS prepayment speeds and alignment, the FHFA is seeking feedback on all policies that might affect fungibility and the viability of the TBA market.
The agency is seeking comment on an initial draft policy guidance for accepting digitized mortgages and loan packages as underlying collateral for Ginnie MBS.
Any removal or adjustment to the QM patch that results in additional non-agency loan volume will benefit mortgage REITs in terms of originations and investments, according to analysts.