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%.

About a dozen firms currently originate HEIs in more than 30 states, according to Morningstar DBRS.

Federal banking regulators are still grappling with whether to re-propose a rule on capital requirements for large banks or to move on to a final rule.

The share of risk the government-sponsored enterprises is offering to investors is also on the rise.

Issuance of prime non-agency MBS in the first quarter of 2024 was driven by jumbo mortgages, though volume involving GSE-eligible mortgages also increased.