The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.

If the U.S. defaults on its debts, Ginnie could still guarantee MBS and investors would still receive proceeds from the securities.

The amount of Ginnie servicing volume outstanding increased by 1.6% in the first quarter while Lakeview's portfolio grew by 3.4%.

The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.

Issuance of single-family Ginnie Mae mortgage-backed securities saw significant declines in the first three months of 2023.

Ginnie promoted Sam Valverde to principal executive vice president and is seeking a new executive vice president and chief operating officer to replace him.

Issuers are largely meeting Ginnie's capital requirements, though liquidity remains a concern.

HUD telework infrastructure was insufficient, at times, during the pandemic, according to findings by HUD’s Office of Inspector General.

Most of the increase in the Ginnie delinquency rate was on the FHA side.

FHFA and Ginnie have grown uneasy with the fact that so many nonbanks have come to dominate the servicing business.