FHA officials have begun raising alarms about the rising proportion of higher-risk mortgages being endorsed by the agency. A new Inside Mortgage Trends analysis of Ginnie Mae mortgage-backed securities data suggests they have good cause for their concerns
Ginnie Mae will be ramping up its efforts over the next three years to ensure issuer liquidity by expanding the supply of stable capital to support mortgage servicing rights and to strengthen oversight of counterparty risk.
Ginnie Mae is considering three possible initiatives that would meet issuers’ needs that are not fully accommodated under its mortgage-backed securities program.
Ginnie Mae is working on a process that would allow it to accept digital promissory notes and other digitized loan files, in addition to traditional paper mortgages, as eligible collateral for its securities, according to a white paper the agency issued this week.
The announcement follows recent administrative actions against three VA lenders that were penalized for cherry picking and refinancing unseasoned loans…
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