Former Ginnie president Ted Tozer said now that Biden has made his pick, he hopes the process moves forward in a timely manner.

Time for more debt offerings? It depends on who you are.

What happened? Servicing advisors sharpened their pencils, studied the proposal and concluded it won’t be so bad after all.

PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...

In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”

Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.

Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.

In the mortgage industry, the FCA has been used by the Department of Justice and Department of Housing and Urban Development to punish FHA lenders for sloppy underwriting practices that led to defaults.

JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”