Ginnie Mae Announces New Issuer Disclosure File Layout. Ginnie Mae will make available a new test file layout for new issuer disclosures on Feb. 26, 2018, on its New Release Test File Download page. The new issuer disclosure file will show basic address and program information on active and inactive Ginnie issuers. The file will be published monthly and will contain data for issuers in Ginnie’s mortgage-backed securities programs for single family, multifamily, manufactured housing, and Home Equity Conversion Mortgages. The new file eliminates unnecessary fields and includes the issuer’s Ginnie program and its active/inactive status. Ginnie is planning to implement the new file in May 2018 as a replacement for the old issuer file. The final issuer file will be published in April 2018. HUD Provides Recovery Funds to U.S. Virgin Islands. The Department of Housing and Urban Affairs has ...
At yearend, 28.8 percent of FHA mortgages in Puerto Rico were in some stage of delinquency, including 15.8 percent that were 90 days or more past due. These ultra-high late-payment readings – courtesy of hurricanes Maria and Irma – have caught the attention of both Ginnie Mae and the FHA. …
Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…
The Department of Veterans Affairs is directing lenders to provide early disclosures to help borrowers seeking an Interest Rate Reduction Refinance Loan determine whether they would actually benefit from the transaction and not end up victimized by a refinancing scam.
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