As the economic fallout from the coronavirus worsens, all eyes are on the FHA book of business. Forbearance is here but delinquencies could spike. And what about nonbank issuer/servicers? Ginnie isn’t saying much.

Bank of New York Mellon this month lost its designation as a Ginnie Mae document custodian but issuers have time to find a new one.

Some FHA lenders posted out-sized production gains in 4Q, including Equity Prime Mortgage, Freedom Mortgage and Mr. Cooper. (Includes data chart.)