May 7, 2021By John BancroftA Sharp (and Welcome) Decline in Ginnie DelinquenciesLate payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.
April 29, 2021By Maria VolkovaSome Wiggle Room on FHA Premiums?The upfront MIP is 175 bps of the base loan amount on a 30-year fixed-rate FHA single-family loan. Most FHA borrowers pay an annual MIP of 85 bps for the full life of the loan.
April 28, 2021By John BancroftPrepayments Continue to Drive Ginnie Mae RemovalsServicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.
December 28, 2020By John BancroftCorrespondent and Broker Channels Regain Some Share of FHA/VA Market