Ginnie Mae reminded security holders last week that they have the ability to collapse a security group within a multiclass transaction on short notice, an option the agency said has been underutilized.
Radian’s strategy to maximize value from its policies has led it to focus on lower-income first-time homebuyers and balance the higher risk with strong fundamentals like promising home price appreciation.
Mortgage denial rates increase significantly for applicants with debt-to-income ratios above 50%, according to researchers at the Federal Reserve Bank of St. Louis.
A flood of investor capital is driving the transformation of relatively illiquid credit portfolios into more liquid structured transactions that can fetch better ratings.
After a boomlet in April, Ginnie issuance declined a bit in May. Refi volume declined, while issuance involving purchase mortgages ticked up thanks to spring homebuying. (Includes two data tables.)
Frank Cassidy, who stepped away from his position as FHA commissioner in April on what was originally a temporary leave of absence, announced this week that he’s returning to the private sector.