FHA Loans Lead Boost in Ginnie Servicing May 1, 2024 Brandon Ivey Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.Read More
McCargo to Leave Ginnie, Citing Personal Decision April 22, 2024 Brandon Ivey Sam Valverde, the principal executive vice president at Ginnie, will serve as acting president following McCargo’s departure.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Short Takes: Ginnie Requires More Loan-Level Data / Equifax Increases Mortgage Revenue / Homebuyers Reacting to Higher Interest Rates / Expanded-Credit MBS From Annaly April 18, 2024 Brandon Ivey Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”Read More
Ginnie Issuance Slows in First Quarter April 17, 2024 Monica Hogan Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.Read More
Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
Ginnie Receives Boost in Budget Approved by Congress March 21, 2024 Monica Hogan The budget approved by Congress for Ginnie Mae for fiscal year 2024 included the largest annual increase in funding in the agency's history.Read More
Ginnie MBS Issuance Up Nearly 10% in February March 20, 2024 Brandon Ivey The increase was driven by refinances, particularly VA refis.Read More
Short Takes: Todman to Fill In at HUD / Appraisal Requirements in Maui / Equity Prime Leader Pledges $1 Million to MBA Opens Doors / Reprieve From Delisting for Better March 12, 2024 Brandon Ivey Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.Read More