Ginnie Mae/FHA

Browse articles from IMFnews related to Ginnie Mae/FHA.

January 17, 2019 - IMFnews

Nonbanks Significantly Increase Agency Servicing Market Share

Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…

January 16, 2019 - IMFnews

Ginnie Mae Postpones Annual Summit, Citing Government Shutdown

Scheduled speakers included Housing and Urban Development Secretary Ben Carson, Kasper and Edward DeMarco, former acting Director of the Federal Housing Finance Agency.

January 14, 2019 - IMFnews

Retail Channel Continues to Lose Market Share as Correspondent Surges

Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...

January 11, 2019 - IMFnews

What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs in on ‘Administrative’ Reform of the GSEs

We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...

January 11, 2019 - IMFnews

What Michael Bright’s Resignation Might Mean for GSE Reform

The odds of GSE “recap and release” becoming a reality just went down…

January 10, 2019 - IMFnews

Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

With Michael Bright's departure, GSE "recap and release" just got hurt...

January 10, 2019 - IMFnews

Acting Ginnie Mae President Michael Bright Bolts Agency for SFIG

Bright will earn significantly more working for SFIG than at Ginnie, easily doubling his salary and then some...

January 9, 2019 - IMFnews

Market Shocker: Ginnie Mae Interim President Michael Bright Quits

Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.

January 9, 2019 - IMFnews

FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors

The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...

January 8, 2019 - IMFnews

The Final Ginnie Mae Issue Tally for 2018: $388 Billion

Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…

January 7, 2019 - IMFnews

Democrats on the HFSC Seek FHA Loans for DACA Recipients

Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.

January 4, 2019 - IMFnews

Government Shutdown has Little Effect on FHA/VA Loan Programs (So Far)

No disasters have been reported yet, but some lenders are beginning to worry...

January 4, 2019 - IMFnews

MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…

January 3, 2019 - IMFnews

Short Takes: The First Mortgage M&A Deal of the Year? / Mnuchin is Aware of the IRS Tax Transcript Problem / Will Government Workers Miss a Mortgage Payment? / Happy New Year from President Trump: Your Pay is Frozen / Tom Selleck Keeps Pitching HECMs / Celink Settles DOJ/FCA Claims

Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...

January 3, 2019 - IMFnews

MIAC Closes $8 Billion MSR Sale. Several Auctions in the Works

Several brokerage firms are working on MSR transactions…

January 2, 2019 - IMFnews

Analysts Positive on VA’s Interim Rule on Cash-Out Refis, but…

The rule creates two types of cash-out refinances…

December 31, 2018 - IMFnews

Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney

Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."

December 28, 2018 - IMFnews

FEMA ‘Reviewing’ Authority to Allow National Flood Insurance Program to Operate During Government Shutdown

FEMA said it is working determine what options exist to enable the National Flood Insurance Program to allow the sale and renewal of flood insurance policies to continue during the government shutdown.

December 26, 2018 - IMFnews

Mortgage Industry Assesses Pain from Government Shutdown, HECM Endorsements End, New Flood Policies Doubtful

Brian Chappelle, a principal in Potomac Partners told IMFnews that his lending clients “are starting to worry.”

December 21, 2018 - IMFnews

Not Going Anywhere: HUD Secretary Ben Carson

Meanwhile, acting Ginnie Mae President Michael Bright still awaits Senate confirmation, even though he was officially nominated to the post by President Trump on May 15.

December 20, 2018 - IMFnews

Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritized single-family mortgages in portfolio as of Sept. 30…

December 19, 2018 - IMFnews

FHA Drops Warranty Requirements for New Single-Family Construction

FHA says positive trends in the housing sector have weakened the need for the multi-year warranty.

December 17, 2018 - IMFnews

Ginnie Stats Reveal Sharp Increase in FHA Risk Layering Over Two Years

Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…

December 17, 2018 - IMFnews

FHA and VA Introduce New Loan Limits for 2019

FHA will increase its floor for forward mortgages to $314,827 from $294,515.

December 17, 2018 - IMFnews

Deputy HUD Secretary Pam Patenaude Quits After 15 Months on the Job

She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.

December 14, 2018 - IMFnews

What We’re Hearing: FHA Loan Limits / What a Shutdown Means / The Return of Angelo Mozilo / The Finger of Blame Points to Wall Street / New Disclosures from Ditech / A Subservicing Business Dominated by One Client

The panel Mozilo spoke on was billed: “Join two titans of the industry as they discuss the past, present and future of the mortgage industry.”

December 13, 2018 - IMFnews

Finance of America Will Pay $14.5 Million to Settle FHA Claims Tied to One of Its Acquisitions

The complaint further alleges that company executives have been aware of the poor EPD rates since 2011 but apparently did nothing to resolve the problem.

December 7, 2018 - IMFnews

What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home Point Goes All-TPO / The Midwest Mortgage Mecca

If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...

December 7, 2018 - IMFnews

Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

Agency production last month was buoyed by an increase in securitization of refinance loans…


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