Ginnie Eyes Launch of HMBS 2.0 by Year’s End May 30, 2024 Monica Hogan Dubbed HMBS 2.0, the securitization product would give Ginnie MBS issuers a new funding mechanism to buy back loans with balances over 98%.Read More
Mixed Trends in FHA, VA Lending in First Quarter May 29, 2024 Monica Hogan FHA's share of combined FHA/VA lending declined to 60.8% in the first quarter of 2024.Read More
Short Takes: Applications Deflate / FHA Clarifies Attorney Fee Reimbursement / FirstKey Ramps Up HEL Securitization / Ocwen’s Rebrand Starts in June May 29, 2024 Brandon Ivey Applications in late May hit the lowest level seen since March.Read More
Government-Insured Lending Gains Share in First Quarter May 24, 2024 Brandon Ivey Government-insured production increased by 11.0% compared with the fourth quarter while total first-lien originations were up 3.2% during that time.Read More
Short Takes: Mortgage Performance Improves / New Cyberattack Reporting Requirements / Positive Outlook for Acra / GSE-Eligible IPLs in Non-Agency MBS May 24, 2024 Brandon Ivey The 30+ day delinquency rate stood at 3.09% at the end of April.Read More
Ginnie to Allow eNotes in Same Pool as Traditional Paper May 21, 2024 Dennis Hollier Ginnie will begin mixing eNotes and paper notes within the same pools.Read More
Short Takes: FHA Increases Allowable Fee for Assumptions / Ginnie Requires Plans From Large Nonbanks / New CRT From Fannie / FDIC Chair to Resign May 21, 2024 Brandon Ivey The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.Read More
Purchase Mortgages Push Ginnie MBS Up in April May 16, 2024 Monica Hogan The flow of purchase mortgages in Ginnie Mae MBS increased 15.0% from March levels, while securitization of refinance loans dropped 9.2%.Read More
FHFA, FHA Set New Standards for Reconsideration of Value May 2, 2024 Brandon Ivey FHFA and FHA issued new standards for reconsiderations of value.Read More
FHA Loans Lead Boost in Ginnie Servicing May 1, 2024 Brandon Ivey Lakeview/Bayview Loan Servicing remained the largest Ginnie servicer and increased its market share in the first quarter.Read More