Loan removals from Ginnie MBS increased in the second quarter of 2023. Removals are largely tied to loan payoffs, though there are some variations among servicers. (Includes data chart.)

Delinquencies on Ginnie Mae mortgage-backed securities increased during the second quarter of 2023, erasing most of the improvement seen in the previous quarter.

The proposed program could be improved by simplifying communications with borrowers and making changes that expand the number of borrowers who can be helped, industry and consumer groups said.