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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%.
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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.
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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.
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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.
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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.
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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.
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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.
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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%.
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FHFA, FHA Set New Standards for Reconsideration of Value

May 2, 2024
Brandon Ivey
FHFA and FHA issued new standards for reconsiderations of value.
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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.
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Latest Imf News

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Featured Data

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