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Programs & Policies
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Ginnie Readies Usage Data on PTAP Liquidity Program

May 1, 2020
Paul Muolo
Ginnie officials have received high marks from the industry for setting up a liquidity facility during the early days of the coronavirus crisis. But how many program applicants have there been? We may find out soon.
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Ginnie Supplies Liquidity by Tweaking Acknowledgement Agreement

April 17, 2020
Paul Muolo
Thanks to a tweak in regulatory language, approved Ginnie Mae servicers can access financing for servicing advances. PennyMac was the first to sign up. Will other nonbanks follow?
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HUD Halts all Foreclosures and Evictions in Response to COVID-19

March 20, 2020
Maria Volkova
The Department of Housing and Urban Development has suspended all foreclosures and evictions of FHA-insured homes for the next 60 days.
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Around the Industry

March 6, 2020
George Brooks

USDA Policy Tweak Puts MF Rehab Loans in Jeopardy

February 21, 2020
George Brooks
Thousands of rural multifamily rehabilitation loans have become ineligible for a Ginnie guarantee due to USDA’s reformed interpretation of its subordinate-lien policy.
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Around the Industry

February 21, 2020
George Brooks

Analysts Optimistic on FHFA Capital, Liquidity Proposals

February 7, 2020
George Brooks
The Federal Housing Finance Agency has proposed separate capital and liquidity requirements for servicing GSE loans and mortgages backing Ginnie securities. The new minimum liquidity requirements will affect only nonbanks and could benefit banks and private MIs.
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Ginnie to Again Meet With Largest Nonbank Issuers

February 7, 2020
George Brooks
The financial condition of nine of Ginnie’s largest nonbank issuers is under review as part of the agency’s ongoing effort to ensure they are financially capable of withstanding the worst economic conditions.
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Around the Industry

February 7, 2020
George Brooks
HUD seeks condominium-related data collection approval from OMB; Ginnie plans revision of file layout for HMBS pool-level disclosures; automated set-up of electronic funds transfer accounts.
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UI: Government Agencies Must Treat Student-Loan Debt Equally

January 24, 2020
George Brooks
An Urban Institute study has called for uniformity among Fannie, Freddie, FHA, VA and USDA when considering student-loan debt in mortgage underwriting.
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