Ted Tozer calls for Ginne Mae to use federally backed mortgages as collateral to guarantee short-term nonbank liabilities.

Under the new legislation, however, the higher fee rates would extend through May 18, 2032.

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.

PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.

Many smaller lenders can’t access the Ginnie platform because its eligibility standards require issuers to have “huge volumes,” Ginnie President Alanna McCargo noted.

FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.

In case you didn't know, thanks to higher interest rates, the Ginnie "early buyout" game is over...

Ginnie Mae President Alanna McCargo said nonbank liquidity is the biggest challenge facing the government mortgage system.

The House is seeking lower funding levels for HUD and a September deadline is fast approaching.

The uptick was more pronounced for FHA mortgages.