As of the end of October, Ginnie issuers had produced $615.55 billion of new single-family MBS, well over the highest total for a full year set in 2019 at $498.33 billion.

But looming delinquencies are definitely a concern...

The refinance business for private MIs fell 11.0% from the second to the third quarter, dropping to 30.6% of their production. Still, that’s well above historic norms...

On Friday, Black Knight Financial released its forbearance tally, saying the measurement declined 137,000 units for the seven-day period ending Nov. 3. Roughly 2.9 million mortgagors are in some type of COVID-related relief program or 5.45% of those with a first lien...

No permanent Ginnie president for almost four years? Is that a problem?

Year-to-date issuance climbed to $2.468 trillion at the end of October and should top $3 trillion based on the current pace. As of this writing, there appears to be plenty of gas still left in the tank.

Signs of life in the Ginnie Mae servicing arena? Maybe.

Black Knight tracks daily performance data on over 23 million mortgages covering more than 60% of the market. MBA’s survey encompasses 38 million loans from roughly 50 servicers.

Ginnie buyouts of delinquent mortgages are a common practice – but it takes readily available cash, or a line  of credit...

Eight of the top 10 Ginnie servicers as of the end of September had smaller portfolios than at the midway point in the year.