The number of Ginnie loans one-payment past due jumped 17.3% from March to June, pushing the delinquency rate for the category to 2.06%. That compared favorably to a 3.60% 30-day delinquency rate two years ago.

Nevertheless, rumors are circulating that the Biden administration is preparing to test the legal waters by having the FHA and VA extend their REO eviction moratoriums to the end of the year. These were also scheduled to end on Saturday. If that were to happen, most observers believe FHFA would follow suit.

Black Knight: “While still low, new forbearance plans hit their highest weekly level since late March, with restart activity also remaining elevated.”

Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...

The stagecoach has a huge advantage, namely that it’s the largest depository owner of Ginnie servicing rights at $149.1 billion and has an extremely low cost of funds...

When was the last time a large bank entered the FHA market?

The number of loans 30-days past due was up 13.6%...

A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.

Both the FHA (11.1%) and the VA insurance programs (20.4%) saw significant increases in purchase-mortgage activity...

Priority Financial still wants a Ginnie eagle and believes it has the financial wherewithal to make grade. “We want to resubmit, but we’ve had no communication from them,” said CEO Mark Shenkman.