Ginnie Mae Kick Starts Digital Mortgage Program July 24, 2020 Maria Volkova The government guarantor will begin accepting electronic promissory notes and other digitized loan files for its MBS program.Read More
FHA/VA Loans in Forbearance Drop July 10, 2020 Maria Volkova MBA’s June 28 tally shows Ginnie Mae-backed loans in forbearance declined by 11 basis points to 11.72%.Read More
Ginnie Business Slips Again in June July 6, 2020 John Bancroft After a record month of Ginnie MBS issuance in April, volume declined in May and June.Read More
COVID-19 Infection at BNYM Delays Ginnie Custodial Transfers June 26, 2020 Paul Muolo BNY Mellon told MBS participants that deals will be delayed because of a COVID-19 infection in its Dallas office. Read More
Significant Number of Loans in Forbearance Still Paying June 26, 2020 John Bancroft Roughly 10% of loans backing Ginnie Mae MBS at the end of May were in forbearance because of the COVID-19 pandemic, but over a quarter of them were still current. (Includes data chart.)Read More
FHA Issues Quality Control Waivers During Pandemic June 26, 2020 Maria Volkova Quality control requirements for early payment defaults and field reviews of appraisals have been temporarily waived.Read More
HUD-IG Criticizes Reporting Policies Under FHA-HAMP June 26, 2020 Maria Volkova FHA policies on reporting of loan mods and for filing partial claims under HAMP were void of deadlines, the HUD-IG told Congress. Read More
Mortgages in COVID-19 Forbearance Declining June 26, 2020 Maria Volkova Meanwhile, delinquency rates are noticeably rising, according to Black Knight.Read More
Industry Urges FHA to Reverse Forbearance Policy June 12, 2020 Maria Volkova Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.Read More
A Growing Fear that Ginnie ‘Buyouts’ Could Mushroom June 12, 2020 Paul Muolo Ginnie MBS investors hate loan buyouts because it alters prepayment speeds. Will the COVID-19 crisis spark a wave of new activity?Read More