The issue of fast prepays on VA IRRRLs refuses to die. Recently, VA mailed a warning letter to as many as 500 lenders. Inside MBS & ABS obtained a copy of the correspondence.

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.

The debate that won't go away: Nonbank risk to the financial system. Time to worry? The CSBS weighs in.

The Appropriations Committee has asked HUD to analyze the role outside contractors play in carrying out Ginnie’s mission-critical functions.

Issuers and investors in the securities market are divided on what exactly should be done with the qualified mortgage “patch.”

The agency has removed restrictions on NewDay USA and Sun West Mortgage from including VA single-family loans in multi-issuer pools.

Ginnie Mae announced new rating requirements and risk factors to improve and strengthen its oversight of MBS program participants.

Ginnie Mae stress tests should be limited to issuers with largest and riskiest portfolios, the industry group suggested.

Fannie and Freddie will shift to an averaged version of SOFR before the publication of the scandal-ridden LIBOR ceases.