Ginnie Mae/FHA

Browse articles from IMFnews related to Ginnie Mae/FHA.

November 17, 2017 - IMFnews

Pending Tax Reform has MBS Between ‘A Rock and a Hard Place’

If substantial tax reform is enacted, it would likely lead to rising expectations about growth and inflation, leading to a selloff in rates…

November 17, 2017 - IMFnews

Mortgage REITs Boost Residential MBS Holdings in 3Q17

MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…

November 16, 2017 - IMFnews

Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job

Kittle was first approached by the White House nine months ago about the job.

November 15, 2017 - IMFnews

The New FHA MMIF Audit is Out, and It’s Not So Hot. Kiss the MIP Cut Goodbye

“By contrast, the 2017 HECM portfolio has a negative capital ratio of 19.84 percent and a negative economic net worth of $14.5 billion,” HUD said in its summary.

November 15, 2017 - IMFnews

MBA Calls for Changes to FHA’s Loan Review System

Lenders have complained about misleading and confusing labels when self-reporting loan defects…

November 14, 2017 - IMFnews

Short Takes: FHA MMIF Results Due Wednesday / Fannie’s Foray into Construction-to-Perm? / Production Chief Departs / Drones Being Used by Some Mortgage Servicers / A Loss for Invitation Homes

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

November 14, 2017 - IMFnews

Tough Times for Reverse Lending as More Players Head for the Exit

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

November 14, 2017 - IMFnews

Correspondent Share of FHA Loans Nears the 49 Percent Mark

Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…

November 13, 2017 - IMFnews

FHA MMIF Audit Expected to Show Positive Results. As for an MIP Cut, Don’t Bet on It

Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...

November 10, 2017 - IMFnews

What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise / Enter the Phrase ‘Legal Proceedings’ and See What You Find / David Kittle and the Ginnie Mae Job / Reverse Lender has Record Month / A New Hire for Better Mortgage

You might say that Wilbur Ross got out of Ocwen while the getting was good...

November 9, 2017 - IMFnews

Short Takes: $250K a Year in Severance for Impac President / Capital One will Remain in Multifamily / Goldman Wins Fannie Mae Bid / Quicken Gets Some Company at the Top / A New Hire for AmeriFirst

Although Capital One is exiting single-family lending, the bank will continue to provide “specialized" multifamily financing...

November 3, 2017 - IMFnews

A Spike in Freddie MBS Issuance Helped Steady Volumes for October

But while Fannie production slumped 11.5 percent, Freddie saw a robust 23.9 percent jump in new issuance in October…

November 1, 2017 - IMFnews

Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns

Look for another reverse mortgage lender to hit the auction block...

November 1, 2017 - IMFnews

As Year Draws to a Close, a Rush to Get Servicing Packages Sold

There continues to be some nervousness about VA receivables because of streamlined refinancings, although regulators are trying to curb abuses in the program.

October 31, 2017 - IMFnews

Ginnie Mae Task Force Mulls Cures for Rapid Refis

Aggressive refinancing now occurs immediately after the six-month window has expired, as some of the activity may have shifted into the custom pool market…

October 30, 2017 - IMFnews

FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.

October 26, 2017 - IMFnews

FHA Nominee (and ex-FHA Commissioner) Montgomery: Time For Us to Treat Lenders Like Partners

FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I wonder if we haven’t gone too far.”

October 25, 2017 - IMFnews

Coming Soon: The Trump Administration’s ‘Principles’ on GSE Reform

Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…

October 25, 2017 - IMFnews

CoreLogic Lands HUD Contract for FHA Work

CoreLogic also will provide fair-market list prices to HUD…

October 24, 2017 - IMFnews

HUD Chief Carson: Use of FCA Under Review, but Bad Actors Will be Held Accountable

Secretary Carson warned, however, that HUD will continue to hold bad actors accountable for faulty lending practices…

October 23, 2017 - IMFnews

Agency Servicing Transfers Caught Fire in 3Q17, Reshaping MSR Market

In the third quarter, Movement Mortgage was the top seller of MSR assets via the coissuance market…

October 20, 2017 - IMFnews

Agency MBS Trading Had Strong Month in September

For traders, the good news is that MBS issuance increased to $357.2 billion in the third quarter, the strongest performance of the year...

October 19, 2017 - IMFnews

Agency Servicing Continued to Grow in 3Q17, Megabanks Show Little Interest

The four megabanks reduced their agency mortgage servicing rights by $59.6 billion during the third quarter…

October 17, 2017 - IMFnews

CFPB Eyeballing New Disclosures for Reverse Mortgages?

In recent months, the consumer bureau has expressed concerns about the risks associated with reverse mortgages.

October 17, 2017 - IMFnews

Ginnie Mae Issuance Topped $120B in 3Q17, the Best Reading of the Year

Ginnie Mae issuers securitized $85.4 billion of purchase loans in the third quarter, falling just short of the record $85.4 billion set in the third quarter of last year.

October 13, 2017 - IMFnews

HUD Secretary Ben Carson Open to Excising HECMs from the MMIF

Rep. Heck said he will ask the GAO to study and recommend options for improving the reverse-mortgage program, including shifting HECMs out of the MMIF...

October 12, 2017 - IMFnews

HUD Secretary Ben Carson Tells Panel Agency is Working to ‘Resolve’ Use of the False Claims Act

“I’m not sure why there’s been such an escalation of it [the FCA],” said Carson.

October 12, 2017 - IMFnews

Private MI Business Kept Growing in 3Q17, FHA Activity Lagged

Fannie and Freddie saw a 26.7 percent jump in insured first-timer loans…

October 11, 2017 - IMFnews

Short Takes: Ginnie Mae Worried about Certain Nonbanks? / The David Kittle Nomination? / KKR Closes Fund to New Investors / SFR Hits $33 Billion / A New Hire for Grandbridge

There’s still no word from the White House on when it will nominate industry executive David Kittle to be the next president of Ginnie Mae...

October 10, 2017 - IMFnews

Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum

CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...

October 6, 2017 - IMFnews

MBS Issuance Up Solidly in 3Q17, but ABS Production Weakened

The GSEs and Ginnie Mae remain the dominant forces in the MBS/ABS market. Their combined single-family issuance hit $346.98 billion in 3Q17…


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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