Leaders of the Mortgage Bankers Association and the Housing Policy Council argue that the government's role in the mortgage market is too large.

Brokers saw the biggest sequential increase in FHA/VA business, with volume up 59.1% from the first quarter to $13.35 billion.

The requirements were published in August 2022, providing issuers with a long lead time to gain compliance.

Some $36.47 billion of Ginnie MBS was issued in August, essentially level compared with July.

FHA lending growth outpaced VA in the second quarter.

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.