The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.

Currently, lenders log into a UI and enter data manually, which can lead to errors.

Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.

The Mortgage Bankers Association and the Housing Policy Council asked the Department of Veterans Affairs to carefully consider the specifics of a new loss-mitigation program.

Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.

Ginnie is expanding a working partnership with the Federal Home Loan Bank of Chicago.

Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.

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

While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.

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