The conventional-conforming market, which is dominated by Fannie Mae and Freddie Mac, accounted for 70.9% of first-lien originations through the first nine months of 2021.
In August, Ginnie sought comments on the capital standards. While some of the changes would apply to all servicers, others would apply specifically to nonbanks, the dominant players in the agency’s MBS program.
If the MMIF makes it through forbearance exits without major losses, FHA could cut premiums in the first or second quarter of 2022. Or so the industry hopes...