MBA chief Stevens said he and a “certain group of individuals” met with the HUD secretary last Friday to discuss the topic.

With mortgage debt outstanding climbing by 0.4 percent during 2Q, the share of securitized loans fell to 64 percent at June 30, the lowest level since 2012.

Nearly 100 approved issuers will be dismissed from the Ginnie Mae MBS program for failing to be active participants, according to a top agency official. Michael Drayne, senior vice president and head of the Office of Issuer and Portfolio Management at Ginnie Mae, said the agency is currently working through all of the Ginnie I (multifamily) and Ginnie II (single family) issuers that have not issued a single security since their approval. Drayne estimated...

Are you ready for a government shutdown, one that could screw up the mortgage market? If not now, maybe later in the year...

For investors in mortgage servicing rights, the regulatory focus seems to have shifted somewhat from documentation issues involving servicing transfers to a reliance on subservicers. At the ABS East conference produced by Information Management Network last week in Miami, Michael Drayne, a senior vice president of the office of issuer and portfolio management at Ginnie Mae, said 90 percent of the issuer applicants to Ginnie in the last three years planned to ...

Ginnie Mae President Ted Tozer is urging the FHA to find some flexibility in its loan-level certification proposal that would balance the need to protect the FHA from losses with lenders’ ability to lend without fear of consequences. Tozer said the controversial FHA proposal is trying to find a middle road between protecting the Mutual Mortgage Insurance Fund and making lenders feel confident that they are accountable only for the most egregious problems and not for small oversights or technical errors. “It is...

Both of the government-sponsored enterprises are on track to meet the 2015 risk-sharing goals established by the Federal Housing Finance Agency with a quarter of the year to spare. Officials at Fannie Mae, Freddie Mac and the FHFA said the GSEs will continue to work to expand the risk-sharing efforts, which are popular among many investors in the secondary market. At the ABS East conference produced by Information Management Network last week in Miami, Scott Smith, an associate director of capital policy at the FHFA, said he would like to see continued efforts to broaden the investor base for risk-sharing transactions. More than 160 investors have bought...

Mark Zandi, chief economist with Moody’s, said the biggest impediment to opening up the FHA credit box is the issue of loan certification.

All of the servicing rights being auctioned off are currently being subserviced by Cenlar.

Ginnie Mae defines “inactivity” as 18 months of dormancy. At least 50 issuers meet that definition...