Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. 

Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor.

The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.

Fun fact: January’s new issuance was more than double the total produced in the first month of 2019.

Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...

Although originations and net income increased at PennyMac Financial, the company took a loss on servicing activities during the fourth quarter due to hedges.

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...

Former FHA Commissioner Dave Stevens: “The absence of banks in FHA has been a challenge ever since the False Claims Act was used as an excessive enforcement mechanism, making it far too great a risk to participate in the program.”

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…