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Ginnie MBS Issuance Slows in November

December 21, 2023
Monica Hogan
Both FHA and VA issuance volume declined in November, with VA activity posting the larger fall.
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FHA/VA Lending Stands Out in Third Quarter

December 19, 2023
Monica Hogan
FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.
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Agency Servicing Volume Tops $9.0 Trillion in Third Quarter

December 15, 2023
John Bancroft
Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.
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USMI Leader Calls for Coordination on Housing Policy

December 7, 2023
Monica Hogan
Policymakers need better coordination between FHA and GSE policies, according to Seth Appleton, president of U.S. Mortgage Insurers.
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Short Takes: CU Expands Mortgage Offerings / Green Home Loans / Lower Rates and Affordability

December 7, 2023
Brandon Ivey
Alliant Credit Union is now offering government-insured mortgage products.
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Broker Share Declines in FHA/VA Markets

December 6, 2023
Brandon Ivey
Among a group of large lenders, the broker share of the government-insured market declined to 20.4% in the third quarter, down from 21.2% in the second quarter.
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MBA Seeks Clarity From VA on Servicing Advances

December 1, 2023
Monica Hogan
The Mortgage Bankers Association is asking VA to release a detailed plan for how servicers will be reimbursed if they participate in VA’s call for a six-month pause on foreclosures for struggling veteran borrowers.
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Ginnie MSR Sales Increase in Third Quarter

November 22, 2023
John Bancroft
Lakeview Loan Servicing has been the most active bulk buyer of Ginnie MSRs, with $87.67 billion in acquisitions since the first quarter of 2022.
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Nonbanks at Ginnie a Top Challenge for HUD

November 21, 2023
Monica Hogan
HUD's IG questioned whether Ginnie could relocate a troubled MBS portfolio from one issuer to another if the first is facing financial or operational challenges.
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Short Takes: Senators Call for VA to Adjust Loss Mit / SPS Update / Guaranteed Rate Offers Program for Real Estate Agents / Another Jumbo MBS From Chase

November 16, 2023
Sam Manas
The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.
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