Former Ginnie Mae President Alanna McCargo joins FHLB San Francisco; industry and consumer groups support VA supplemental rulemaking on IRRRL program; VA drafting rule on ARMs.
Nonbank issuers in the Ginnie Mae program should have better access to funding from commercial banks to help bolster their liquidity, according to a proposal from the Housing Policy Council.
The Department of Housing and Urban Development’s Adrianne Todman last week made her first appearance before the Senate Banking and Housing Committee as acting secretary.
FHA and VA lenders and servicers should prepare for more regulation related to climate risk and housing sustainability, speakers at an AmeriCatalyst conference last week suggested.
Alanna McCargo, the outgoing Ginnie Mae president, is receiving praise for achievements, including obtaining a significant boost in funding from Congress.
The number of veterans and service members who plan to purchase a home in the next six months has increased, according to a new quarterly survey of prospective homebuyers by Veterans United Home Loans.
HUD finalizes rule on interested party contributions for FHA HECM for purchase program; Ginnie announces payment default status dataset; federal jury convicts FHA borrower of fraud; and more news briefs.
Total issuance of Ginnie Mae mortgage-backed securities declined slightly during the first quarter of this year. Still, volume was up sharply from the first three months of 2023. (Includes four data tables.)
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