Ginnie Mae

A proposed reduction in the amount of overall discretionary spending amounts would hamper both agencies' ability to fulfill their affordable-homeownership missions, the consortium of housing industry advocates said.

New and proposed capital rules for some depositories and nonbanks could change the roles the various institutions play.

The reports that will be due for certain months starting next year will add to Ginnie Mae's growing oversight of nonbank mortgage-backed securities issuers.

The Department of Housing and Urban Development's inspector general notes soaring inflation and a rapid increase in interest rates as factors negatively impacting nonbanks and heightening risk for the government guarantor.

Policymakers are all too quick to categorize IMBs as financially risky institutions; making them easy targets for stricter - and unnecessary - federal oversight and regulatory efforts, Stevens and Olson argue.

The Department of Housing and Urban Development affiliate is making it easier to repackage securities backed exclusively by these mortgages.

More than one securitization per month resulting from multiple disbursements of a single loan will be permitted beginning Oct. 1, the guarantor said.

The agency's president, Alanna McCargo, called the nonbank liquidity issue "the biggest of our time," while speaking at the Bipartisan Policy Center Tuesday.

The Department of Housing and Urban Development's report from its inspector general calls for clarity around the government guarantors rapid relocation extinguishment processes.

More employees are needed to manage the "sizable and complex" servicing from the defunct lender.