Government mortgage insurance programs captured most of the primary MI gain in the third quarter.

During Trump’s entire first term, Ginnie didn’t have a permanent president.

Some $15.44 billion of refis were pooled into Ginnie MBS in October, a 25.7% jump from the previous month.

The capital relief will be provided via an adjustment to MSR values.

Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.

A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.

Ginnie initially planned on implementing the capital requirements at the end of 2023, along with other reforms.

Sam Valverde, acting president of Ginnie Mae, noted that Ginnie and the Department of Veterans Affairs have policies in place to prevent refis that don’t benefit borrowers and they will continue to watch for “abnormal” refi activity.

FHA delinquencies haven't been this high since the early days of COVID.

Karan Kaul, a senior policy advisor at Ginnie Mae, said Ginnie and others need to analyze the various reform proposals that have been released in recent years.