Ginnie Mae said it continues to provide services and is in close communication with issuers, servicers, vendors and trustees.

Federal forbearance on government backed mortgages is a panacea to deal with the economic fall-out caused by the novel coronavirus. But eventually there will be implications in the primary and secondary markets.

Bank of New York Mellon is no longer an approved MBS document custodian for Ginnie Mae.

Issuance of VA cash-out refis with high loan-to-value ratios could drop 50% this year due to pooling restrictions imposed by Ginnie in November. VA’s lower-LTV cash-out tiers are expected to pick up the slack.

While the Trump administration strives to fill leadership positions at HUD, Ginnie Mae continues to function without a permanent president.

In a surprise move, Chase this week said it’s contemplating a return to FHA direct lending. Ramifications for the Ginnie MBS market? Yes.

December was a slow month for MBS trades but 2019, on average, was quite good. Meanwhile, just when you thought rates might start rising, a monkey wrench or two gets thrown into the works.

The government agency’s new issuer portal, MyGinnieMae, gives individual users a single access point to all its systems.

The Mortgage Bankers Association recommended changes to Ginnie Mae’s proposed Digital Collateral Guidance to clarify requirements for accepting digital promissory notes and other documents.