Ginnie Mae's year-to-date issuance for the 2008 fiscal year jumped to $135.9 billion from $55.2 billion during the first five months of the previous fiscal year. Total issuance for its mortgage-backed securities program reached $27.9 billion in February, according to the government agency. Ginnie guaranteed $27.5 billion in single-family MBS and $379 million in multifamily MBS during the month.
DRB Group is partnering with Acrisure Mortgage and Alta Home Lending to start two mortgage joint ventures set to open in January 2027, the company announced.
Servicers may need to use some of their less common risk management tactics rather than solely relying on borrowers holding significant equity, Andy Walden said.
The GSEs also have unified 4.0 pricing for loans scored with classic FICO while 10T moves toward 2027 adoption at FHA but remains pending at the enterprises.
The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
