The vast majority of FHA originations end up in Ginnie Mae mortgage-backed securities.

The new Ginnie product would relieve pressure for reverse mortgage lenders.

Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.

It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.

Both FHA and VA issuance volume declined in November, with VA activity posting the larger fall.

Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.

Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.

Finding someone to fill the position of senior vice president for the Office of Enterprise Data and Technology Solutions at Ginnie could be difficult given pay restrictions at the government agency.

The Mortgage Bankers Association is asking VA to release a detailed plan for how servicers will be reimbursed if they participate in VA’s call for a six-month pause on foreclosures for struggling veteran borrowers.

Lakeview Loan Servicing has been the most active bulk buyer of Ginnie MSRs, with $87.67 billion in acquisitions since the first quarter of 2022.