Refi Surge Boosts Ginnie Loan Liquidations in 1Q April 29, 2024 John Bancroft In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024...Read More
Delinquencies on Agency MBS Decline in First Quarter April 24, 2024 Namrata Bhatia The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Ginnie Issuance Slows in First Quarter April 17, 2024 Monica Hogan Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.Read More
Part of Texas Capital's Warehouse Lawsuit Against GNMA Can Proceed April 15, 2024 Monica Hogan In January, Ginnie filed a motion to dismiss Texas Capital's lawsuit, but...Read More
Servicing Portfolios Slowly Shift Toward Higher Interest Rates April 12, 2024 John Bancroft At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
Reverse Lender CEO Earned $3M Last Year April 2, 2024 Paul Muolo In 2021, while serving as FoA's president, Fleming's pay package totaled $17.6 million...Read More
Origination Watch: Reverse Mortgages Take It on the Chin April 1, 2024 Monica Hogan One positive sign for HECMs: Roughly 10,000 Americans, some house rich but cash poor, turn 62 every day...Read More
Ginnie Receives Boost in Budget Approved by Congress March 21, 2024 Monica Hogan The budget approved by Congress for Ginnie Mae for fiscal year 2024 included the largest annual increase in funding in the agency's history.Read More
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