The top FHLBank borrower remains JPMorgan Chase with $39.22 billion in outstanding advances at the end of the first quarter.

Brent Giese, executive director for fixed income at Daiwa Capital Markets, said the new margin requirements will put additional financial stress on mortgage lenders.

Sales of existing homes declined by 1.9% on a monthly basis in April.

Pete Mills, a senior vice president of residential policy and strategic industry engagement at the MBA, wrote that the proposal has theoretical benefits but they’re impossible to assess given the limited details FHFA included in the request for comments.

Debt service coverage ratio mortgages qualify borrowers based on rental income rather than the traditional debt-to-income ratio metric used by the GSEs.

“Purchase activity continues to lag despite this recent decline in rates,” said Joel Kan, a vice president and deputy chief economist at the MBA.

Ginnie will begin mixing eNotes and paper notes within the same pools.

The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.

Marcia Fudge is now a partner and chair of public policy at Taft, a law firm.

The flow of purchase mortgages in Ginnie Mae MBS increased 15.0% from March levels, while securitization of refinance loans dropped 9.2%.