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Home » Topics » IMFnews » Government-Insured Lending

Government-Insured Lending
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Short Takes: Approaching $2.1 Trillion in Guarantees / More Secure Than the Other? / Calabria’s Message? / Bob and Bert Were There / Citi’s $30M OREO Problem

October 14, 2019
Paul Muolo

Keep in mind that, Ginnie MBS is back-stopped by the full faith and credit of the U.S. government. By comparison, Fannie Mae/Freddie Mac MBS carry an “implied” guarantee.


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Refi Boom Results in New Quarterly Record for Ginnie Issuance

October 14, 2019
John Bancroft

The VA program saw the sharpest spike in refi activity, shooting up 69.7% from the second quarter.


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Short Takes: Chase Issuing CRT on Jumbo Pools / New Rez Weathering MSR Markdowns / Leadership Turnover in HUD Housing Programs

October 11, 2019
Dennis Hollier

Maren Kasper Leaving Ginnie Mae

October 11, 2019
Paul Muolo

Sources indicated that Kasper was hoping to be nominated as permanent president; but, in what has become a pattern for the Trump administration, the nomination notice never came.


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First-Time Home Buyer Business Up 20% in 3Q19, But Repeats Even Higher

October 10, 2019
John Bancroft

The FHA program saw the slowest gain in FTHB business, up just 13.6% from the previous period…


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Short Takes: FHFA Sets the ‘Deliverables’ / The Value of the Contract? / The Waiting is the Hard Part (Montgomery Nomination) / High Marks / Non-QM Lender Declares a Dividend

October 8, 2019
Paul Muolo and George Brooks

Although Brian Montgomery has been sworn in, he still faces a hearing in the Senate. Meanwhile, the Senate’s time might be taken up with a possible impeachment trial…


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Retail Channel Gains Market Share in the Agency Category

October 8, 2019
John Bancroft

The gain in retail market share came at the expense of both correspondent and wholesale-broker originations.


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RMF to Issue Non-Agency MBS Backed by Newly-Originated Reverse Mortgages

October 4, 2019
Brandon Ivey

The MBS from Reverse Mortgage Funding will be the first post-crisis deal backed by newly-originated proprietary reverse mortgages.


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Spurred by Refis, Agency MBS Issuance Climbs to 11-Year High

October 3, 2019
John Bancroft

The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending…

 


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Another Big Month for Ginnie MBS Issuance

October 2, 2019
John Bancroft

Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…


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