Specifically, Ginnie is permitting a note structure, which allows for the securitization of servicing cash flows through a trust.

FHFA's stance has mortgage bankers perplexed, to say the least...

MBA said its survey covers 22.4 million loans serviced…

Since going public earlier in the year, Velocity Financial's share price has cratered...

The six-month tally would be at least $45 billion. The calculations from the research firm take into account prepayment cash flows buffering principal and interest advance requirements.

Refi volume was clearly gaining speed in March. On a combined basis, deliveries of FHA and VA refi loans grew 8.4% from February…

Apparently, it’s not Ginnie Mae MBS payments that are keeping the 15 up at night, but remittances on Fannie Mae and Freddie Mac single and multifamily securities. Private-label products also pose a concern.

Fannie Mae, Freddie Mac and Ginnie Mae produced $478.64 billion of new single-family MBS in the first quarter of 2020, a 5.6% drop from 4Q19...

Sources contend that other banks might follow Wells' lead but as the weekend approached, the situation was fluid, to say the least.

Redwood has been able to meet margin calls but is selling mortgage securities at a loss.