Modernization of its mortgage securitization platform, compliance and counterparty risk will be the focus of Ginnie Mae’s 2019 Summit next week. Nearly 800 industry stakeholders are expected to attend.
Lenders are preparing for a new accounting standard set to take effect early next year, which would require expected loan losses to be estimated over the remaining life of the loan, as opposed to incurred losses.
As HECM originations continue to decline, a Congressional Budget Office study analyzes four options for reducing the cost of future government guarantees on reverse mortgage loans.
Ginnie Mae's staffing shortage is forcing the agency to rely heavily on contractors to perform core business functions. A former head of the agency suggests taking the agency off appropriations and converting it to a fee-based secondary market operation.
The U.S. Appeals Court for the Ninth Circuit holds Nevada’s HOA super-priority lien constitutional, says it is not preempted by the FHA single-family mortgage insurance program.
During a congressional hearing this week, HUD Secretary Ben Carson faced tough questions about the department’s regulatory oversight and servicing processes.