Ginnie Mae recently released additional disclosure items such as buyout information, buydown percentages and delinquency data. The new data, which is one month lagged, was as of the Nov. 1 factor date and reflects prepayments occurring in October.
The buyout data gained importance with the high October buyout activity. The month saw seriously delinquent loans being bought out rather than foreclosed, according to David Montano, head of mortgage research at JPMorgan Securities. Meanwhile, overall prepayments caused by direct foreclosure were negligible.