The FHA lowered payment history requirements for borrowers with previous forbearance to refinance their loans in order to aid the housing market. The changes are for purchase and rate-term refi loans.
Fannie, Freddie and Ginnie issued a combined $742 billion of single-family MBS in the second quarter, smashing a record set back in 2003, the mother lode for mortgage business.
Some of the provisions in Ginnie's proposed Digital Collateral Guide have the potential to create unnecessary strains on issuers, according to the MBA.
RSS