Date | Title | Description |
13.09.2024 | The Future of Mortgage Assistance: Bridging Gaps and Embracing Innovation | In the world of finance, the landscape shifts like sand underfoot. The housing market, a vital pillar of the economy, faces constant challenges. Two recent developments highlight the need for innovation and support in this sector: the evolu... |
12.09.2024 |
Opinion: Unlocking the Pass-Through Assistance Program’s potential | First launched in April of 2020, the Pass-Through Assistance Program (PTAP) was an important initiative designed to provide mortgage servicers with the liquidity needed to endure the financial challenges due to the COVID-19 pandemic. As mil... |
11.09.2024 | Navigating the Mortgage Maze: A Call for Change in Refinancing and Loss Mitigation | The mortgage landscape is a labyrinth. Borrowers often find themselves lost in a maze of regulations, costs, and processes. The Consumer Financial Protection Bureau (CFPB) is stepping into this maze, armed with a map and a desire for reform... |
09.09.2024 |
CHLA urges ‘balancing’ of consumer, servicer needs in loss-mitigation proposal | The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, urging the agency to balance the time frame and processes of loss mitigation in its revisions to... |
06.09.2024 | The Reverse Mortgage Landscape: Navigating Challenges and Opportunities | The reverse mortgage industry is on a rollercoaster ride. August brought a dip in Home Equity Conversion Mortgage (HECM) endorsements, down 3.3% from July. The total endorsements fell to 2,200. Yet, amid this decline, there are glimmers of ... |
06.09.2024 |
The yo-yo ride for reverse mortgage volume continued in August | The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to in... |
05.09.2024 |
Court denies Ginnie Mae request in Texas Capital Bank lawsuit | A government-led effort to change the venue in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed... |
30.08.2024 | The Hidden Costs of Early Payoff Penalties in Mortgage Lending | In the world of mortgage lending, early payoff penalties (EPOs) are lurking like shadows. They can turn a seemingly smooth transaction into a financial nightmare. As interest rates fluctuate, these penalties are back in the spotlight, causi... |
30.08.2024 |
Opinion: The myth of financing buyer agent commissions | The proposed settlement between the National Association of REALTORS (NAR) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. Despite bipartisan a... |
22.08.2024 |
What are the presidential candidates’ records on reverse mortgages? | On Thursday, Vice President Kamala Harris will formally accept the Democratic Party’s nomination for president in this fall’s general election. In July, former President Donald Trump accepted the Republican nomination for the third time, an... |
17.08.2024 | Cybersecurity and Consumer Protection: A Tale of Two Agencies | In the digital age, security and consumer protection are paramount. Two recent reports highlight the vulnerabilities and challenges faced by federal agencies in these realms. The Federal Housing Finance Agency (FHFA) and the American Land T... |
16.08.2024 | The Housing Market Tightrope: Navigating Challenges and Opportunities | The American housing market is a complex web. It’s a tightrope walk between soaring prices and high interest rates. Many potential homebuyers find themselves stuck, waiting for a better moment to leap. But in this game of patience, time may... |
15.08.2024 |
Ginnie Mae files slew of documents, opposes summary judgment motion in TCB court case | Attorneys for the U.S. government, working on behalf of Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were prim... |
13.08.2024 | Guild Mortgage Surges Amid Market Challenges: A Look at Recent Trends | In the ever-shifting landscape of the mortgage industry, Guild Holdings Co. stands out like a lighthouse in a storm. The company recently reported a robust profit of $37.6 million for the second quarter of 2024, a significant leap from the ... |
13.08.2024 |
Waterfall: Reverse MSR deal with Onity showcases commitment to reverse mortgages | Onity Group, parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage, will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall As... |
13.08.2024 |
ALTA responds to CFPB’s inquiry on mortgage fees | The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue.
In a 15-page... |
09.08.2024 |
Reverse mortgage volume rose in July while securitizations fell | The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts.
Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling ... |
07.08.2024 |
FOA reports loss in Q2 but notes improved performance | Industry-leading reverse mortgage lender Finance of America (FOA) recorded another loss in the second quarter of 2024, but it managed to move closer to profitability while also expanding its dollar volume of loans through other business met... |
06.08.2024 |
UWM sells MSRs, invests in origination to prep for a refi wave | UWM Holdings Corp., the parent of United Wholesale Mortgage, has adopted a strategy that differs from its peers to take advantage of a business landscape that is expected to include lower mortgage rates and more refinance activity.
The Pont... |
06.08.2024 |
Ginnie Mae fires back at TCB over venue claims in reverse mortgage case | Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to ra... |
05.08.2024 |
NRMLA, MBA submit HMBS 2.0 comments to Ginnie Mae | The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned... |
31.07.2024 |
Waterfall analyst: Work remains to get HMBS 2.0 over the ‘finish line’ | Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0.
The n... |
26.07.2024 |
US Senate committee approves full funding for Ginnie Mae | The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discre... |
26.07.2024 |
Senate Aging Committee leaders introduce bill on aging in place | The bipartisan duo that leads the U.S. Senate Special Committee on Aging — Sens. Bob Casey, D-Penn., and Mike Braun, R-Ind. — introduced a bill this week that is designed to make it easier for U.S. seniors to qualify for the Program of All-... |
25.07.2024 | Navigating the Waters of Reverse Mortgages: The Rise of HMBS 2.0 and Legal Battles Ahead**
** | ** The reverse mortgage industry is on the brink of transformation. The introduction of HMBS 2.0 by Ginnie Mae is a beacon of hope for stakeholders. This new product promises to reshape the landscape, enhancing liquidity and investor confid... |
23.07.2024 |
Texas Capital objects to government request to change court venue | Texas Capital Bank, after being granted an extension to respond to the federal government’s request to change the venue of the trial between the bank and Ginnie Mae, has filed an objection to the request saying that a “forum selection claus... |
19.07.2024 |
Analyst: HMBS 2.0 developments should benefit reverse mortgage industry | Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “HMBS 2.0.”
... |
10.07.2024 | AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for July 2024 | BETHESDA, Md., July 10, 2024 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for July 2024. The dividend is payable on August 9... |
09.07.2024 | Legal Dispute Unfolds Between Ginnie Mae and Texas Capital Bank Over HECM Tail Collateral | In a complex legal battle unfolding in the U.S. District Court for the Northern District of Texas, attorneys representing Ginnie Mae and Texas Capital Bank (TCB) are seeking an extension to address separate motions brought by each party. Th... |
08.07.2024 |
NRMLA president talks HMBS 2.0 term sheet and its potential impact | At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity C... |
08.07.2024 | AGNC Investment Corp. Announces Date for Second Quarter Earnings Release and Stockholder Call | BETHESDA, Md., July 8, 2024 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today it will report second quarter 2024 earnings after market close on July 22, 2024. AGNC will hold a... |
05.07.2024 |
Texas Capital, Ginnie Mae attorneys seek extension for their court requests | Attorneys for both Ginnie Mae and Texas Capital Bank (TCB) are asking a magistrate judge overseeing their case about HECM tail collateral in the U.S. District Court for the Northern District of Texas for an extension to decide on separate m... |
02.07.2024 |
Reverse mortgage volume, securities issuance decline in June | After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments.
Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% in June to 2,1... |
01.07.2024 |
Texas Capital Bank seeks a partial win in Ginnie Mae suit | Texas Capital Bank (TCB) is seeking a new partial summary judgment in its suit against Ginnie Mae. The suit alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millio... |
01.07.2024 | CrossCountry Mortgage Leads Industry on Scotsman Guide's Top Veteran Originators List | CLEVELAND, July 1, 2024 /PRNewswire/ -- CrossCountry Mortgage (CCM), the nation's number one retail mortgage lender, leads the industry with the highest number of Veterans listed on the prestigious Scotsman Guide Top Veteran Originators lis... |
28.06.2024 |
Ginnie Mae official talks HMBS 2.0, hopes for detailed public comments | After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program in January, government-owned company Ginnie Mae — which oversees the government’s mortgage-backed securities (MBS) p... |
27.06.2024 |
Ginnie Mae releases anticipated ‘HMBS 2.0’ term sheet | Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to... |
17.06.2024 |
Ginnie Mae seeks venue change in Texas Capital Bank reverse mortgage dispute | Attorneys representing Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has bee... |
14.06.2024 |
New records from Ginnie Mae, HUD filed in TCB case | Attorneys for the federal government have issued an extensive new filing in the ongoing litigation between Texas Capital Bank (TCB) and Ginnie Mae, including a raft of correspondence that took place immediately prior to the seizure of the R... |
13.06.2024 | AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for June 2024 | BETHESDA, Md., June 13, 2024 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for June 2024. The dividend is payable on July 10,... |
13.06.2024 | AGNC Investment Corp. Declares Second Quarter Dividends on Preferred Stock | BETHESDA, Md., June 13, 2024 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared cash dividends on the outstanding depositary shares1 of... |
12.06.2024 |
Government requests more time in Ginnie Mae/TCB lawsuit | Lawyers for the U.S. government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collatera... |
07.06.2024 |
The month in reverse mortgage rates: June 2024 | Almost all Home Equity Conversion Mortgages (HECMs) originated today utilize the adjustable-rate mortgage (ARM) option. In stark contrast to traditional mortgage lending, the reverse mortgage business is dominated by ARMs, representing over... |
03.06.2024 | CrossCountry Mortgage Ranked #1 Retail Lender in the Nation | CLEVELAND, June 3, 2024 /PRNewswire/ -- CrossCountry Mortgage (CCM) takes another leap closer toward its mission of being the most referred mortgage lender in every community we serve, earning the number one spot on both Scotsman Guide's To... |
31.05.2024 |
Acting Ginnie Mae president comments on ’HMBS 2.0’ | Ginnie Mae, which manages the government-guaranteed portfolio of forward and reverse mortgage-backed securities (MBS), announced this week at a National Reverse Mortgage Lenders Association (NRMLA) event that it will release initial details... |
30.05.2024 |
Ginnie Mae eyes year-end for new HMBS product | Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lender... |
20.05.2024 |
HUD to double servicer fee on assumable mortgages | The U.S. Department of Housing and Urban Development (HUD) announced on Monday morning an extension to Ginnie Mae’s digital collateral program and an increase to fees servicers can charge on assumable mortgages, aiming to bring more efficie... |
10.05.2024 |
Valverde appointed acting president of Ginnie Mae | Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae, was named as its acting president as of May 6, according to an announcement issued by the organization this week.
Sam Valverde
Valverd... |
08.05.2024 | AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for May 2024 | BETHESDA, Md., May 8, 2024 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for May 2024. The dividend is payable on June 11, 20... |
08.05.2024 |
Senator inquiring about HMBS program clinches gubernatorial nomination | U.S. Sen. Mike Braun (R-Ind.), who recently submitted a series of questions to Ginnie Mae about its management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program following the collapse of Reverse Mortgage Funding... |
07.05.2024 |
Impacted by a cyberattack, loanDepot delivers a Q1 loss of $38M | loanDepot delivered another financial loss in the first quarter of 2024, during which the mortgage lender dealt with the impacts of a cyberattack that brought down its systems.
The California-based lender recorded a non-GAAP adjusted net lo... |
19.04.2024 |
Ginnie Mae President Alanna McCargo to resign | Ginnie Mae President Alanna McCargo is resigning from her position at the government-owned company effective May 3, according to an announcement issued Friday by the U.S. Department of Housing and Urban Development (HUD).
Ginnie Mae princip... |
19.04.2024 |
Ginnie Mae expands its monthly single-family reporting | Ginnie Mae unveiled a significant revision on Wednesday to its monthly single-family reporting protocols. The government mortgage bond guarantor incorporated expanded its payment default status (PDS) reporting, including loan default inform... |
19.04.2024 |
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit | Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first p... |
17.04.2024 |
Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter | Following the submission of a letter by Indiana Sen. Mike Braun (R) to Ginnie Mae President Alanna McCargo about concerns related to the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, McCargo’s predecessor, Ted Toz... |
12.04.2024 |
Ginnie Mae to issue new pool-level disclosure in HMBS program | Ginnie Mae announced this week that it is adding a new pool-level, low-to-moderate income (LMI) disclosure to its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.
The move is part of an ongoing effort by the company ... |
10.04.2024 |
FAR parent updates investors on AAG integration, business performance | Finance of America Companies (FOA), parent company of industry-leading reverse mortgage lender Finance of America Reverse (FAR), released a new “investor update” this week to update shareholders and other stakeholders on different elements ... |
05.04.2024 |
Ginnie Mae warns issuer partners about faster prepayments | Ginnie Mae this week issued a public notice to its issuer partners warning of an observation of higher prepayments in some of its mortgage-backed securities (MBS) programs, reminding issuers that a violation of its requirements could result... |
18.03.2024 |
Data breach at Nations Direct Mortgage impacts 83,000 borrowers | Nevada-headquartered wholesale lender Nations Direct Mortgage revealed that an unauthorized third party obtained access to the data of more than 83,000 customers on or about Dec. 30, 2023, the lender disclosed on March 14 in a notice shared... |
18.03.2024 |
Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio | As part of the budget request submitted to Congress by President Joe Biden and the White House, the U.S. Department of Housing and Urban Development (HUD) detailed some of its hopes for Ginnie Mae. This includes an increase to its 2025 budg... |
11.03.2024 |
Reverse mortgage professionals react to resignation of HUD Secretary Fudge | Members of the reverse mortgage industry were surprised to learn that U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge announced on Monday that she would be resigning from her post effective March 22. HUD deputy... |
08.03.2024 |
Ginnie Mae contends TCB can’t rely on alleged verbal promises in lawsuit | Since the original filing of a lawsuit about the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), Texas Capital Bank (TCB) has argued in court that it was given verbal assurances fro... |
05.03.2024 |
Ginnie Mae implements swift cybersecurity incident reporting standards | Ginnie Mae has introduced new cybersecurity incident reporting requirements, the government-owned enterprise announced on Monday. The initiative underscores Ginnie Mae’s commitment to bolstering its companywide information security, busines... |
05.03.2024 |
MSR sale could improve NYCB capital ratio by up to 15bps: KBW | Struggling New York Community Bancorp (NYCB), which triggered fears of new bank collapses, could benefit from selling mortgage servicing rights (MSR) to improve its capital ratio, according to analysts at Keefe, Bruyette and Woods (KBW).
NY... |
04.03.2024 |
First-time homebuyers made up a record share of agency purchase loans in 2023 | First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric.
A record 47% of government-sponsored en... |
30.01.2024 |
A repositioning of players in the MSR market is underway | The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $... |
13.12.2023 |
Ginnie Mae President talks reverse mortgage experience, the ‘social’ aspect of HMBS | Ginnie Mae President Alanna McCargo discussed the reverse mortgage business environment, challenges that come with managing a government-owned corporation, assuming the servicing portfolio of Reverse Mortgage Funding (RMF) and ways that rev... |
08.12.2023 |
Ginnie Mae details reverse mortgage actions in 2023 annual report | Ginnie Mae released its 2023 annual report this week, touting its additional support for the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program and its own HECM-backed Securities (HMBS) program as an accom... |
29.11.2023 |
Ginnie Mae revises definition of high-balance loans in new guidance | Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Pa... |
02.11.2023 |
HUD OIG launches inquiry into how Ginnie Mae monitored RMF | On Thursday, the Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development (HUD) announced that it is initiating an inquiry into how Ginnie Mae monitored Reverse Mortgage Funding.
The OIG is also looking ... |
14.09.2023 |
Ginnie Mae announces expansion of ESG MBS label to single-family pools | The Government National Mortgage Association (Ginnie Mae) announced on Thursday an expansion of its Environmental, Social, and Governance (ESG) labeling to single-family mortgage-backed securities (MBS) pools, an expansion of a previous ini... |
02.03.2023 | Ginnie Mae promotes Valverde, seeks COO | Ginnie Mae has promoted Sam Valverde to principal executive vice president, where he will serve as the the second-in-command to Ginnie Mae President Alanna McCargo.
The government corporation is also seeking an executive vice president and ... |
01.02.2023 | Rate buydowns are the cat’s meow in today’s market | High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market.
Interest rates, though down slightly in rec... |
31.01.2023 | Jeff Erdmann has been the best wealth advisor in the US for 7 years running. The Merrill Lynch pro told us how he's keeping clients' money safe with a recession on the way. | Wealth manager Jeff Erdmann of Bank of America Merrill Lynch's Erdmann Group. Bank of America Merrill Lynch This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Forbes has named Jeff Erdmann t... |
17.01.2023 | Rumors of mega-MSR offerings from Wells Fargo stir market | The mortgage servicing rights (MSR) market has opened 2023 with a healthy volume of capital committed to purchasing the assets along with multiple sellers primed for deals — as evidenced by the $60 billion to $65 billion in MSR portfolio of... |
01.01.2023 | 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing | Making housing affordable for all is not simple, but these ideas are a starting point in 2023. Andrii Yalanskyi/Getty Images
It's the hardest that it has ever been for the average person to pay for housing costs.
Real estate businesses, len... |
30.12.2022 | An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Armando Falcon | In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry tre... |
26.12.2022 | An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Seth Appleton | In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry tre... |
16.11.2022 | The FHFA’s New Fee Policy Will Place Even More Upward Pressure On Home Prices | UNITED STATES - JANUARY 13: Sandra L. Thompson, nominee to serve as the director of the Federal ... [+] Housing Finance Agency (FHFA), testifies during her Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Dirksen... |
21.10.2022 | Trade groups cheer new deadline for Ginnie nonbank capital rule | Ginnie Mae on Friday announced that it has extended the mandatory implementation date of its controversial risk-based capital requirement (RBC) for nonbanks to Dec. 31, 2024.
The rule — which reduced the minimum risk-based capital ratio fro... |
21.09.2022 | Ginnie Mae: Vast majority will be able to comply with new capital rule | Following grumblings from some servicers and industry trade groups, Ginnie Mae on Tuesday issued a statement that most nonbank mortgage companies it does business with will be able to comply with its upcoming — and controversial — capital r... |
19.09.2022 | Opinion: What is Ginnie Mae thinking with new capital rule? | Since the announcement of the new capital rule, Ginnie Mae has been on the receiving end of a lot of backlash from industry and the analysts who associate with the mortgage banking marketplace. Despite significant, thoughtful feedback to Gi... |
19.08.2022 | Opinion: Ginnie Mae’s revised requirements reduce risk | Ginnie Mae’s recent announcement regarding their Single-Family Applicant and Issuer Financial Eligibility Requirements represents a major step forward in reducing a potential systemic risk to the housing financial system.
Since the 2008 fin... |
10.08.2022 | Changes ahead for Ginnie Mae and FHA’s manufactured housing program | Ginnie Mae and the Federal Housing Administration are looking to take a bigger bite out of manufactured housing finance.
In a request for input the agencies published at the end of July, FHA and Ginnie Mae detailed an array potential change... |
08.08.2022 | Credit unions get some love from Ginnie Mae | Ginnie Mae, which guarantees loans to veterans and Federal Housing Administration borrowers, is changing its attitude toward credit unions.
In a change to its capital requirements, which set minimum standards for its issuers, Ginnie Mae wil... |
23.06.2022 | Ginnie Mae extends some COVID-19 policies | Ginnie Mae announced last week that it is extending certain pandemic-era policies, including delinquency reporting exemptions.
Delinquency reporting exemptions were set to expire at the end of July, but Ginnie Mae said issuers now have unti... |
07.06.2022 | Ginnie Mae to open eNote program to more participants | Ginnie Mae, a guarantor for federally backed loans, announced in late May that it would make enhancements to its digital collateral program. One of the most notable changes is that the agency will reopen its program to new participants star... |
03.06.2022 | How the PLS market is making money on delinquent loans | Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company.
The loans in the offering were all originated through the Federal Housing Adm... |
25.04.2022 | FHFA gets blowback on proposed liquidity requirements | During the market disruption in March 2020, the value of mortgage servicing rights became temporarily disconnected from mortgage rates.
Large mortgage sellers and servicers faced severe margin calls, and it took several weeks for them to ge... |
04.04.2022 | FHA unveils 40-year loan modification option | The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input.
The proposed rule, published by the Depar... |
23.03.2022 | Ginnie Mae announces the addition of two senior staffers | Ginnie Mae recently filled two executive roles, naming Sam Valverde as its first Hispanic executive vice president and Felecia Rotellini as senior advisor and chief of staff to the president.
Alanna McCargo, president of Ginnie Mae, announc... |
22.03.2022 | Ginnie Mae EBO loan market buffeted by rising rates | Mortgage rates, rates
New York-based Mortgage Industry Advisory Corp. (MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 billion.
The two deals invo... |
10.03.2022 | Lakeview readies rare securitization backed by nonperforming mortgages | Lakeview Loan Servicing, one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration-guaranteed mor... |
27.01.2022 | GSEs’ cash window loses some luster | Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the sta... |
06.10.2021 | UWM blazes a trail in emerging private label MBS market | A heavyweight in the wholesale mortgage market, United Wholesale Mortgage, better known as UWM, has jumped headfirst into the private-label residential mortgage-backed securities market in 2021.
The Pontiac, Michigan-based nonbank lender ha... |
26.08.2021 | Finding Ginnie Mae president should be a priority for Biden | As I observe Housing and Urban Development (HUD) Secretary Fudge staffing out her management teams, a large hole remains unfilled. In fact, this hole has not been filled permanently in almost five years. The position is an important one, a ... |
29.07.2021 | Ginnie Mae should protect smaller issuers | Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement.
The Community Home Lenders Association (CHLA) acknowledges tha... |
28.07.2021 | Why is Ginnie Mae attacking nonbanks? | It is rare to see a regulator so afraid of its own programs as we are witnessing at Ginnie Mae. In an alarming move, Ginnie Mae has unleashed a plan that, if implemented, will significantly alter the mortgage markets and raise costs on loan... |
27.07.2021 | Ginnie Mae’s new liquidity standards are sorely needed | Ginnie Mae’s recent proposal to impose liquidity and risk-based capital requirements on their single-family issuers is the right approach for ensuring the long-term financial stability of this segment of the housing finance system.
Unlike l... |
28.06.2021 | Ginnie Mae unveils 40-year mortgage term for issuers | Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing industry.
Only loans with terms greater than 361 months and less than or equal to 480 months will ... |