Joseph Gormley, the recently-appointed executive vice president of Ginnie Mae, said foreign interest in Ginnie securities might soon come from beyond the typical investors.

Fintech firm Pagaya will issue an ABS backed by small, short-term consumer loans originated through point-of-sale service Klarna.

The bill includes planned extensions of several measures from the 2017 tax reform, and an extension of the mortgage interest deduction.

The bill would cost $10 million in FY 2025 and would save $147 million over the next decade, CBO estimates.

Among the top 20 Ginnie issuers in April, just two were federally insured depositories.

Ginnie Mae MBS issuance increased 29.7% from March to April, driven by strong refinance activity. Monthly volume was up in all four government-backed mortgage programs. (Includes two data tables.)

The House Veterans’ Affairs Committee forwarded a partial claims bill to Congress, but committee members warned that tens of thousands of veteran borrowers are facing foreclosure in the meantime.

The Mortgage Bankers Association is seeking rollbacks and revisions of FHA and VA regulations that the trade group sees as burdensome.

Veterans United Home Loans saw a sharp decline in correspondent sales of government-backed loans in 2024, while volume at Guild Mortgage and Rate surged. (Includes data table.)

In response to questions from Senate Democrats, nominees for HUD positions expressed views in line with the Trump administration’s restrictions on FHA loans for non-permanent residents.