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Ginnie Mae’s Latest Anti-Churning Measures Presage More Changes

December 22, 2017
Ginnie Mae’s latest efforts to rein in serial VA refinancing and rapid prepayments in mortgage-backed securities pools augur additional changes to pooling and refi requirements at Ginnie and the Department of Veterans Affairs, analysts said.
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VA Places Qualified Mortgage Rule, Allowable Fees on Its 2018 Agenda

December 22, 2017
The Department of Housing and Urban Affairs plans to act on two new rules in 2018 relating to allowable fees and charges on VA loans as well as the type of loans that are “qualified mortgages.”
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VA Announces New Disaster Loan Modification Option for Servicers

December 22, 2017
The Department of Veterans Affairs has announced a new disaster-related loan modification option for servicers to use to help affected borrowers.
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Wintrust Announces Agreement to Purchase VA Lender’s Assets

December 22, 2017
Wintrust Financial Corp. has announced an agreement to purchase certain assets and assume certain liabilities of iFreedom Direct Corp., which originates VA-backed loans as Veterans First Mortgage.
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Around the Industry

December 22, 2017
A roundup of news impacting FHA/VA lending.
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Ginnie Mae – the Fastest-Growing Component of the Agency MSR Market

December 21, 2017
John Bancroft
While combined GSE servicing still accounted for a hefty 44.9 percent of single-family mortgages, it has continued to drift lower over the course of 2017…
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Short Takes: Money Source Sets its Sights on Being a $100B Servicer / RoundPoint Looks to Add Contracts / FHA Defaults Spike, Reason: Hurricanes / MIAC Selling Whole Loans / Ellington’s CFO Sets Retirement Date

December 19, 2017
Paul Muolo
Overall, The Money Source expects to hire more than 400 new team members in 2018...
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Ginnie’s Effort to Rein In Rapid Refis on VA Loans: More to Come, for Sure

December 18, 2017
George Brooks
Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…
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GNMA’s Latest Effort to Rein in VA Lenders Augurs Additional Policy Changes in the Future, Analysts Say

December 15, 2017
New pooling restrictions announced last week by Ginnie Mae to curb churning and prepayment speed spikes are likely a precursor to future changes in pooling and refinancing policies at Ginnie and the Department of Veterans Affairs, according to analysts.
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Continued Growth for Agency MBS in 3Q17

December 15, 2017
John Bancroft
The fastest-growing segment is the Ginnie Mae market…
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