Late last year, Ginnie seized the mortgage servicing assets of Reverse Mortgage Funding after the company filed for bankruptcy, citing liquidity issues.

Ginnie Mae continued to set the pace in the agency single-family servicing market as its outstanding MBS rose 2.1% to $2.270 trillion.

Interest rates could stay for higher than longer than previously expected...

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.

Many smaller lenders can’t access the Ginnie platform because its eligibility standards require issuers to have “huge volumes,” Ginnie President Alanna McCargo noted.

Ginnie Mae President Alanna McCargo said nonbank liquidity is the biggest challenge facing the government mortgage system.

The uptick was more pronounced for FHA mortgages.

Home prices could decline in the coming months, according to analysts at Capital Economics.

Ginnie Mae's single-family outstanding was up 2.2% in the second quarter while the GSEs posted a 0.3% increase in servicing compared with the end of March..