The need for Ginnie Mae nonbank issuers to have ongoing access to capital is key to their success, and that informs the agency’s approach to policy and risk management, said Ginnie President Alanna McCargo. 

UBS exiting TBA trading business; Ginnie to increase servicing disclosures; Ellington to acquire Arlington.

Ginnie Mae is expanding a working partnership with the Federal Home Loan Bank of Chicago to help spread the word about its Mortgage Partnership Finance program.

In recent months, Ginnie has moved beyond the pilot stage for its eNotes program and doubled the number of its issuer participants to 22.

In a recent trip to Asia, Ginnie officials assured investors that the structure of Ginnie MBS will help to protect them from any potential issues tied to a possible U.S. debt default.

GSEs endorse FHFA proposal on call options for CRT; office properties drive up CMBS delinquencies; Ginnie makes appointments.

New disclosure portal for Freddie MBS investors; Ginnie details LIBOR transition plan for multifamily MBS; Andrew Davidson offers prepayment analysis for specified pools; DBRS proposes revisions to rep and warrant criteria.

Removals from Ginnie MBS were few and far between in the first quarter of 2023 as elevated interest rates limited loan payoffs and other withdrawal activity. (Includes data chart.)

Principal Executive Vice President Sam Valverde and Capital Markets Director Richard Perrelli recently discussed ongoing environmental, social and governance efforts for Ginnie’s MBS program.

Ginnie officials meet with government and private finance entities in Taiwan and South Korea; Chase hopes to use securitization to reduce capital requirements; Fitch downgrades PacWest’s credit-risk transfer deal; KBRA gives all clear on bank exposure in non-agency MBS.