Ginnie Mae Issuance

Browse articles from all of our Newsletters related to Ginnie Mae Issuance.

February 22, 2019 - Inside MBS & ABS

Ginnie Developing Liquidity Stress Tests for Issuers

Ginnie Mae is in the early stages of developing stress tests for its MBS issuers to ensure they have enough liquidity to withstand adverse economic conditions.

February 15, 2019 - Inside FHA/VA Lending

Approval of Ginnie MBS Issuers Dwindles in 2018

Ginnie Mae approved far fewer issuers last year than in 2017, according to agency data. Only eight out of 28 applicants were approved to participate in its mortgage-backed securities program, as against 22 issuers in the previous year.

February 8, 2019 - Inside MBS & ABS

Ginnie Approves Only 8 New Issuers in 2018; What Next?

Approval of new MBS issuers by Ginnie Mae fell drastically in 2018. Data provided by the agency showed that only eight out of 28 applications received last year were approved. In the year before, Ginnie approved 22 out of 31 applications.

February 8, 2019 - Inside MBS & ABS

Crapo Plan: Is Ginnie Mae Ready for Prime Time?

A new outline on housing-finance reform from Sen. Mike Crapo, R-ID, hands over management of the conventional mortgage market to Ginnie Mae, begging the question: Is Ginnie up to the task?

February 7, 2019 - Inside Mortgage Finance

Crapo Reform Plan Suggests Fannie, Freddie Privatization

Sen. Mike Crapo, R-ID, chair of the Senate Committee on Banking, Housing, and Urban Affairs, stirred the housing-finance reform pot last week, releasing a plan to bring Fannie Mae and Freddie Mac out of conservatorship.

February 1, 2019 - Inside FHA/VA Lending

Around the Industry

HUD receives share in settlement under False Claim Act; Implementation date for EAD system postponed; Issuance of HMBS declines year over year.

February 1, 2019 - Inside FHA/VA Lending

No Date Yet for Ginnie’s 2019 Summit; Word is ‘Soon’

Ginnie Mae has not yet decided a date for its 2019 annual summit but it may be “soon,” said an agency spokesman.

February 1, 2019 - Inside FHA/VA Lending

Ginnie Must Limit Oversight of Small Issuers, says CHLA

Ginnie Mae’s plan to reduce the number of small issuers of mortgage-backed securities could increase the agency’s risk and make it harder for those issuers to remain in the program, warned the Community Home Lenders Association.

February 1, 2019 - Inside FHA/VA Lending

Ginnie Mae Bars loanDepot from Multi-Issuer Pools

Ginnie Mae this week barred loanDepot from securitizing VA loans in Ginnie Mae I and multi-issuer pools as part of its efforts to curb loan churning and rapid prepayments.

February 1, 2019 - Inside FHA/VA Lending

GSE Reform Outline Issued, Ginnie Mae the Big Winner

An outline for housing finance reform released late this week by Senate Banking Committee Chair Mike Crapo, R-ID, looks a lot like the last gasp reform proposal released in 2018 by Rep. Jeb Hensarling, R-TX, the now retired chair of the House Financial Services Committee. Among other things, the proposal puts Ginnie Mae firmly in control of the government guarantee business.

February 1, 2019 - Inside FHA/VA Lending

Third-Party Production Growing in FHA/VA

The FHA/VA market continued to lean more heavily on third-party loan producers in 2018, according to a new Inside FHA/VA Lending analysis of Ginnie Mae mortgage-backed securities data. [Includes four data charts.]

February 1, 2019 - Inside MBS & ABS

Ginnie Mae Puts Pooling Curbs on loanDepot

Ginnie Mae late Wednesday barred loanDepot from delivering VA single-family loans to Ginnie Mae I and multi-issuer pools apparently due to unusually high prepayment rates in its VA loan portfolio.

January 25, 2019 - Inside MBS & ABS

Mortgage Grapevine

A price war? Ginnie woes? More…

January 25, 2019 - Inside MBS & ABS

It’s Business as Usual for HECM; Issuance Down

An estimated $9.6 billion of Ginnie Mae securities backed by FHA-insured reverse mortgages were issued in 2018, down from $10.5 billion a year ago, according to New View Advisors.

January 25, 2019 - Inside MBS & ABS

CHLA Concerned Ginnie Clipping Small Issuers

The Community Home Lenders Association has expressed concerns that Ginnie Mae is on a mission to reduce the number of MBS issuers and tighten credit standards — moves that would affect its core members and hurt its housing mission.

January 18, 2019 - Inside FHA/VA Lending

Plan Afoot to Reintroduce VA ‘Orphan Loan’ Measure

Congress reportedly plans to reintroduce legislation that would restore Ginnie Mae eligibility for $100 million dollars’ worth of so-called orphan VA streamline refinance loans.

January 18, 2019 - Inside FHA/VA Lending

Bright’s Hasty Exit Leaves a Vacuum at Ginnie Mae

Ginnie Mae has reached the halfway mark of President Trump’s first term without a permanent leader and appears likely to remain so until after the 2020 presidential election.

January 18, 2019 - Inside MBS & ABS

Ginnie Issuer Ditech Gets a Breather from Note Holders

Ditech investors that control a large portion of the nonbank’s “Toggle Notes” have agreed not to force the troubled lender/servicer into bankruptcy — at least for now, according to a new 8-K filing with the Securities and Exchange Commission.

January 18, 2019 - Inside MBS & ABS

Shutdown Impedes Ginnie Liquidity Letters, Summit

The federal government shutdown is affecting business operations of Ginnie Mae, forcing the government guarantor to scuttle its annual summit with issuers and delaying progress on “liquidity letters.”

January 17, 2019 - Inside Mortgage Finance

A Week After Bright’s Exit, Ginnie Delays Annual Meet

Ginnie Mae announced that its 2019 annual summit scheduled for Feb. 4 and 5 in Washing-ton, DC, has been postponed, a casualty of the ongoing government shutdown. The announcement came midweek — and on the last day of service for acting President Michael Bright.

January 17, 2019 - Inside Mortgage Finance

Large Nonbanks Grow Agency Servicing Share

A handful of heavyweight nonbanks ended 2018 with significant increases in their portfolios of servicing rights tied to agency mortgage-backed securities, according to an exclusive ranking and analysis by Inside Mortgage Finance. [Includes two data charts.]

January 11, 2019 - Inside Mortgage Trends

TPO Production Channels Grew in Agency Market

Retail mortgage lending continued to lose market share in the second half of 2018, mostly due to a surge in correspondent production. A new Inside Mortgage Trends analysis of mortgage-backed securities data shows that the retail share of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae fell to 48.6 percent last year. During the fourth quarter, sales of retail-originated loans declined by 14.9 percent, the sharpest downturn among ... [Includes two data charts]

January 11, 2019 - Inside MBS & ABS

Ginnie's Bright Resigns. Meaning for GSE Reform?

Acting Ginnie Mae President Michael Bright handed in his resignation this week, creating yet another vacancy in the Department of Housing and Urban Development hierarchy, and sparking discussions on what his departure might mean for reform of Fannie Mae and Freddie Mac.


Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.


Time for a change. Borrowers are different today.


Undecided, still assessing the situation.