Ginnie Mae said it was working to implement changes to its monitoring frameworks recommended by the Government Accountability Office to curb the risk from the agency’s exposure to nonbanks.
AARP filed a class-action lawsuit against Celink and large home equity conversion mortgage servicers, claiming the parties violated state and federal laws.
The suit alleges that United Wholesale Mortgage continued to call individuals who were on the federal Do Not Call registry or who had requested UWM stop communications.
The Community Home Lenders of America reiterated its support for program revisions at Ginnie Mae to ease liquidity challenges faced by small and mid-sized nonbanks.