Most top Ginnie MBS issuers posted big gains in July, but the government-insured market has generally lost market share to conventional-conforming lending. (Includes two data charts.) Read More
After that date, Ginnie MBS issuers will no longer be able to enter the agency’s legacy systems — GMEP and GinnieNET — directly through their web addresses. Read More
The attachment point in the transaction is 2.50% on a cumulative basis whereas prior deals were at 2.25%. KBW said the increase implies the deal will provide immediate PMIERs capital relief.
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Noting that competitive pricing can be impacted during disasters such as the one created by the coronavirus, HUD’s internal watchdog has listed red flags officials should look for when reviewing bids. Read More