Ginnie Mae President Alanna McCargo wants small banks, credit unions and community development financial institutions to have access to the Ginnie securitization program.

Nonbanks will need to provide more details about how they value MSRs as Ginnie works on its new capital rules. The good news: MSRs are worth a lot more these days.

Loan repurchases from Ginnie MBS in the first quarter of 2022 neared pre-pandemic levels as delinquency rates declined. Loan removal trends vary among the top servicers. (Includes two data charts.)

Ginnie hopes to align, to the extent possible, its revised capital requirements for seller/servicers with FHFA’s standards. Industry participants are pushing for uniformity that isn’t too stringent.

Experts compare today’s bond market to the bearish days of 1994, predicting a recession in the fall. But better times are coming. Maybe.

The reputation of being a safe, liquid asset adds about 47 basis points to the “convenience premium” of agency MBS over investment grade bonds, according to the National Bureau of Economic Research.

An official from Ginnie Mae detailed how the agency’s tech modernization efforts align with HUD’s strategic and operational goals.

Ginnie Mae will play a crucial role in creating a more inclusive housing-finance system as part of HUD’s strategic plan.

Issuance of agency real estate mortgage investment conduits/collateralized mortgage obligations was essentially flat in 2021, with Ginnie sharply increasing its volume while GSE issuance declined. (Includes data chart.)

The market for Ginnie Mae MBS should begin to normalize soon, according to T. Rowe Price executive Keir Joyce.