A recent white paper from three academics attempts to cast some light on the practice of Ginnie Mae EBOs. But should the end investor be worried?

Nick Maciunas, head of agency research at JPMorgan, spoke about how COVID-related forbearance loan modifications may impact Ginnie investors during a recent podcast hosted by the agency.

Ginnie Mae permits the use of eSignatures and remote online notarization for loan-modification agreements on paper mortgages. The agency received a thumbs-up from Mortgage Industry Standards Maintenance Organization.

Even with the clarification, some suggest VA lenders need more details to understand when they may refinance a loan included in a Ginnie-guaranteed MBS pool.

The new Ginnie Mae MBS pool type will contain loans that were modified to extend beyond the traditional 30-year terms.

A slowdown in primary market originations and new Ginnie MBS issuance is reflected in lower loan liquidation as borrower payoff remains the largest reason for removal.

The American Bankers Association called for a measured approach to the implementation of any capital requirements for single-family MBS issuers.

The Fed will stop being the hog at the MBS trough, one of these days. Ramifications and opportunities for other buyers?

Ginnie is staying tight-lipped regarding its new, stricter capital proposal. Is it possible the entire exercise will come to naught?

Auctions of early buyouts from Ginnie MBS continues apace. One way to enter the market: Buy the mortgage servicing rights instead.