Ginnie Mae is telling sellers of mortgage servicing rights – and their advisors – that it wants upwards of 90 days to approve MSR transfers compared to just 30 currently. The agency gave seller/servicers a heads-up on the longer approval times in late November at an “education summit” in Washington attended by both new and existing issuers. A copy of Ginnie’s presentation was provided to Inside Mortgage Finance. Advisory sources said...[Includes one data chart]

Inside Mortgage Finance recently revised its product mix estimates to reflect a larger volume of home-equity loans originated during the first nine months of 2013. We also made...[Includes one data chart]

Talk about red hot! Sales of Ginnie Mae mortgage servicing rights soared in fiscal 2013, Inside Mortgage Finance has learned.

Meanwhile, Ginnie Mae securities posted a pocket-sized increase within the Federal Home Loan Bank system during the period ending Sept. 30, 2013.

MSR sales, in general, are expected to be brisk in the first quarter as lenders sell receivables to make up for declining originations.

Monthly production of single-family MBS went into a steady, year-long decline at the beginning of 2013. In December, total single-family MBS issuance fell to just $77.1 billion, the lowest monthly production figure since July 2011.

The sale was disclosed in a new SEC filing. The MSRs are backed by $10.8 billion of Ginnie Mae product.

One mortgage executive had this to say about the W.J. Bradley case: “This is fascinating for the implications of whether the LO or the company owns the customer. As you know, LOs have their little black books (or thumb drives) of all their customers and their information."

The FHA reviewed 6,692 government-insured loans between July 1 and Sept. 30, 70 percent of which were home-purchase loans.

The effort, known as Tier Ranking System II, was created to determine servicer compliance with delinquent servicing guidelines developed by HUD.