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What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs i

January 11, 2019
Paul Muolo
We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...
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Acting Ginnie Mae President Michael Bright Bolts Agency for SFIG

January 10, 2019
Paul Muolo
Bright will earn significantly more working for SFIG than at Ginnie, easily doubling his salary and then some...
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Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

January 10, 2019
Paul Muolo
With Michael Bright's departure, GSE "recap and release" just got hurt...
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FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors

January 9, 2019
Paul Muolo
The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...
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Market Shocker: Ginnie Mae Interim President Michael Bright Quits

January 9, 2019
Paul Muolo
Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.
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The Final Ginnie Mae Issue Tally for 2018: $388 Billion

January 8, 2019
George Brooks
Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…
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Democrats on the HFSC Seek FHA Loans for DACA Recipients

January 7, 2019
George Brooks
Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.
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MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years

January 4, 2019
John Bancroft
The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…
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Government Shutdown has Little Effect on FHA/VA Loan Programs (So Far)

January 4, 2019
George Brooks
No disasters have been reported yet, but some lenders are beginning to worry...
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Ginnie MBS Issuance Down In 4Q Despite Refi Uptick

January 4, 2019
Ginnie Mae issuance of single-family mortgage-backed securities fell predictably in the fourth quarter, despite an unexpectedly strong market for refinance loans. [Includes four data charts.]
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