January's volume represented the second-highest monthly issuance of forward-mortgage Ginnie securities on record.

Some industry trade groups have an uneasy feeling about the proposal...

The largest of the three pending MBS is a $381.3 million deal from Starwood Property Trust.

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

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

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.”

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…

Nonbanks took huge strides in GSE servicing as well: Their combined portfolio rose 10.4% from 2018 to $2.009 trillion…

Quicken entered the market as an issuer of prime non-agency MBS in October of last year.

Vista Point Mortgage was launched about a year ago by Bill Ashmore, the former president of Impac Mortgage Holdings.