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The government guarantor's securitization platform went offline on October 19 and will reemerge on October 25.
October 21 -
The Fed may be the big factor in the massive fluctuations seen daily in the TBA markets, but traders and credit analysts now also fear a new problem in the heretofore peaceful world of Ginnie Mae, writes the chairman of Whalen Global Advisors.
October 10Whalen Global Advisors LLC -
While broader counterparty rules were recently reworked in consultation with the industry, questions persist regarding one subset from the government bond insurer.
October 3 -
"To talk about 95% of issuers by count being compliant without recognizing that a very large number of issuers hold few MSRs is disingenuous," one industry executive told the chairman of Whalen Global Advisors.
September 23Whalen Global Advisors LLC -
The servicer is evaluating alternatives in light of the new rule the government bond insurer will put in place next year.
September 11 -
Financial downturns hit lower-wealth communities first and cause them to suffer the longest.
September 9Government National Mortgage Association (Ginnie Mae) -
Ginnie Mae has constructed a perfectly counter-cyclical capital regime that would crush the government loan market if left unaltered, the chair of Whalen Global Advisors writes.
September 6Whalen Global Advisors LLC -
Updated counterparty requirements recently coordinated with the Federal Housing Finance Agency affect a constituency that has kept growing, albeit at a slightly slower pace, according to new mortgage-backed securities research.
August 23 -
A significant divergence between the FHFA and the Ginnie Mae issuer rules could greatly disrupt the secondary market — and that is precisely the outcome that now faces the mortgage industry, writes the chairman of Whalen Global Advisors.
August 15Whalen Global Advisors LLC -
The way the Federal Housing Administration is funded and constrained by laws, rules and other operational limitations is analogous to the FHA living in the horse-and-buggy era in an age when we are starting to see driverless cars, writes the executive director of the Community Home Lenders Association.
August 8Community Home Lenders of America