A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...

Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume.

The combined overall delinquency rate for Fannie and Freddie dropped to 2.57% at the end of March...

The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...

Amazingly, there were no bulk transfers of Ginnie MSRs. None.

Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost...

When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...