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

The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...

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.”

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...

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…

The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…

Lenders and servicers that fail to provide their reports to the OCFI in a timely manner may be subject to penalties.

“The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.

One advisor noted in an email exchange: “The market thinks the deal is just waiting on NYS. You know how that goes: S-L-O-W.”