The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.

The flow of purchase mortgages in Ginnie Mae MBS increased 15.0% from March levels, while securitization of refinance loans dropped 9.2%.

Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.

Sam Valverde, the principal executive vice president at Ginnie, will serve as acting president following McCargo’s departure.

The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

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.

Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.

The budget approved by Congress for Ginnie Mae for fiscal year 2024 included the largest annual increase in funding in the agency's history.