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Home » Topics » IMFnews » Government-Insured Lending

Government-Insured Lending
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Servicers, Government Agencies Respond to Maui Wildfires

August 18, 2023
Monica Hogan
According to early estimates by the office of Hawaii Gov. Josh Green, D, on the number of homes in Maui County that might have been impacted, 5,200 mortgages were owned by Freddie Mac, 9,800 by Fannie Mae and 2,400 by Ginnie Mae, including 1,300 FHA mortgages and 927 VA loans.
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PennyMac, UWM Lead on Primary MI Activity in 2Q

August 16, 2023
John Bancroft
PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.
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Ginnie Working to Accept Smaller Lenders

August 16, 2023
Monica Hogan
Many smaller lenders can’t access the Ginnie platform because its eligibility standards require issuers to have “huge volumes,” Ginnie President Alanna McCargo noted.
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Ginnie Issuance Slows in July on FHA Activity

August 15, 2023
Monica Hogan
FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.
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After a Multi-Year Low, Ginnie Loan Removals Spike in 2Q23

August 14, 2023
Brandon Ivey
In case you didn't know, thanks to higher interest rates, the Ginnie "early buyout" game is over...
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Ginnie Exploring Credit Facilities for Nonbanks

August 8, 2023
Monica Hogan
Ginnie Mae President Alanna McCargo said nonbank liquidity is the biggest challenge facing the government mortgage system.
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Congress Divided on HUD Funding for FY 2024

August 1, 2023
Monica Hogan
The House is seeking lower funding levels for HUD and a September deadline is fast approaching.
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FHA and VA Delinquencies Rise in Second Quarter

July 31, 2023
Monica Hogan
The uptick was more pronounced for FHA mortgages.
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Agency Delinquencies Increase in Second Quarter

July 27, 2023
Brandon Ivey
The total delinquency rate on agency MBS hit 2.60% at the end of June.
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Ginnie Issuance Increases in 2Q, FHA and VA Up

July 20, 2023
Monica Hogan
Ginnie issuance increased by 33.7% on a quarterly basis in the second quarter.
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