A bill that would give the Department of Veterans Affairs authority to establish a partial claims program awaits review by the Senate Committee on Veterans’ Affairs, after moving quickly through the House.
United Wholesale Mortgage is offering 5/1 adjustable-rate mortgage options for FHA and VA loans. Such loans are not common in the government-insured market.
HUD OIG reports large collections following audit; HUD Counseling Committee to hold virtual meeting on June 12; Ginnie’s Gormley emphasizes close working relationship with FHA officials; MBA survey sees flat FHA application share.
"Individual investor appetites wax and wane over time," but Ginnie isn't seeing a mass pullback in demand, according to Joseph Gormley, executive vice president at the agency.
Joseph Gormley, the recently-appointed executive vice president of Ginnie Mae, said foreign interest in Ginnie securities might soon come from beyond the typical investors.