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Home » Topics » IMFnews » Government-Insured Lending

Government-Insured Lending
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Ginnie Mae Picks SOFR as the Index Replacing LIBOR

April 30, 2019
Paul Muolo

Amherst Pierpont Securities worked with Ginnie on the SOFR tranche…


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Quicken Clarifies: Despite a Court-Appointed Mediator, It Has No Plans to Settle FCA Case

April 29, 2019
George Brooks

Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”


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What We’re Hearing: Due Out Next Week: GSE Earnings / The Last Dividend Payment? / Maybe a Chance at Reform Legislation? / LendingTree’s Money Tree? / MIAC’s MSR Auction

April 26, 2019
Paul Muolo

Keep an eye on what the GSEs say about their dividend payment...


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A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019

April 22, 2019
Paul Muolo

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...


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Change to FHA Downpayment Assistance Requirements Met with Harsh Criticism

April 19, 2019
Brandon Ivey

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.


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Legislation Introduced to Address VA Orphan Loans

April 18, 2019
George Brooks

In recent years, the share of VA loans in Ginnie MBS pools has grown significantly...


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Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test

April 16, 2019
Paul Muolo
A record production quarter for Angel Oak...
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New FHFA Chief Calabria Sees a Sense of ‘Urgency’ on GSE Reform

April 15, 2019
Dennis Hollier

Calabria: “There is much work to do. Markets change and advance. So must we.”


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What We’re Hearing: Good Luck Mr. Calabria / So What’s First on the List? / Digital Mortgages, the Great Mortgage Employment Reducer? / About that 25 BPs LLPA Charge from Fannie Mae / Op-Ed by Caliber CEO Das Sets Tongues Wagging

April 12, 2019
Paul Muolo
A new op-ed from Caliber Home Loans CEO Sanjiv Das has people talking, and not necessarily in a good way...
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Short Takes: Judge Orders Mediation for Quicken and Uncle Sam / Fighting Rather Than Quitting / A Mortgage Sample of Just 55 Loans / Calabria and GSE Stock Prices / Waiting on the Swearing In / Arch and Some Predictions About the (Coming) Recession

April 9, 2019
Paul Muolo
In late 2015, Quicken executive Bill Emerson complained how DOJ sued based on a paltry sample of the lender’s government-backed loans. “They cherry-picked just 55 loans [for its case],” he said…
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