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Loan Removals From Ginnie MBS Sharply Up in 2024

February 21, 2025
Namrata Bhatia
Some $202.78 billion of loans were removed from Ginnie Mae MBS last year, with about 88% of them representing borrower payoffs. (Includes two data tables.)
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Attorneys Call on Servicers to Study Final Defect Taxonomy

February 21, 2025
Namrata Bhatia
Attorneys at the Bradley law firm suggested lender/servicers update their policies and procedures, such as internal audit and quality control, to preempt potential origination or servicing defects.
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Eleventh Circuit Affirms Ruling in Favor of Navy Federal

February 21, 2025
Namrata Bhatia
A borrower sued Navy Federal Credit Union for denying his mortgage refinancing application on the grounds that he had poor credit performance with the credit union.
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Chase Prevails in Foreclosure Challenge Tied to FHA Loan

February 21, 2025
Namrata Bhatia
Ohio appellate court rules in a case stemming from an FHA mortgage Chase had acquired from USA Home Loan in 2008.
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FHA-to-FHA Refinancing May Spur Overpayment

February 21, 2025
Namrata Bhatia
Higher lender fees for originating FHA loans results in fewer loans being refinanced to conventional mortgages, according to a new research paper.
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Around the Industry

February 21, 2025
Namrata Bhatia
HUD cancels $4 million in DEI contracts; HUD DOGE task force recovers $1.9 billion of “misplaced” funds.
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Bank MBS Holdings Lower in 4Q24

February 21, 2025
John Bancroft
Most of the decline was in held-to-maturity accounts, but that may have been the result of an accounting reclassification.
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First-Time Homebuyers Faring Better Than Expected

February 21, 2025
Dennis Hollier
Affordable housing advocacy groups may be using defective data to come to their conclusions about first-time homebuyers, according to a newly published research note.
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HUD, FHA Brace for Impact Following Job Cuts

February 21, 2025
Paul Muolo
White House plans call for half of the staff at the Department of Housing and Urban Development to be cut.
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Short Takes: NMLS Processing Fees Increase / New Home Apps Ease in January / Residential Vacancies Fall / Sunflower Bank Hires New CBO

February 21, 2025
Shannon Clark
Fees will increase for both state licensure and federal registration beginning March 1.
Read More
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