Will Fannie and Freddie ride Ginnie's coattails and usher in higher capital standards as well?

It’s no secret that nonbanks have been gaining market share at the expense of the depository goliaths over the past five years...

The $224 million MBS is stocked with 30-year mortgages underwritten based on debt-service coverage ratios.

As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...

While jumbo lock volume declined, Redwood increased its expanded-credit mortgage activity.

Combined MBS issuance by the three agencies fell $38.26 billion during the second quarter. Sales of California loans to the agencies dropped $36.94 billion from the first quarter.

On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.

Ginnie has been working on the change in requirements for well over a year...

The bank increased its mortgage originations by 26% quarter-over-quarter.

At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...