Ginnie officials have received high marks from the industry for setting up a liquidity facility during the early days of the coronavirus crisis. But how many program applicants have there been? We may find out soon.
Thanks to a tweak in regulatory language, approved Ginnie Mae servicers can access financing for servicing advances. PennyMac was the first to sign up. Will other nonbanks follow?
As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much.
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