Ginnie Mae/FHA

Browse articles from IMFnews related to Ginnie Mae/FHA.

September 18, 2017 - IMFnews

Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

The FHA nominee had been a Radian director since 2012…


September 18, 2017 - IMFnews

Prestwick Selling $1.8 Billion Bulk Fannie/Ginnie MSR Portfolio

The Fannie balance of the pool accounts for $1.33 billion of the receivables.


September 18, 2017 - IMFnews

A Growing Problem: VA ‘Rapid’ Refis

Acting Ginnie Mae President Michael Bright confirmed the resurgence of inappropriate streamline refinancing in securitization pools, promising a crackdown…


September 18, 2017 - IMFnews

HECM Production Up Almost 26 Percent in First Half of 2017

Despite increased originations, FHA data show HECM production, in general, has been on a gradual decline for several years…


September 15, 2017 - IMFnews

Short Takes: Patenaude Finally Gets Senate Approval to be the #2 at HUD / Acting Ginnie Chief Vows Progress on VA Refi Abuses / Radian Readies Huge Note Sale / A New Hire for eOriginal

Radian inked a deal with Wall Street underwriters this week to sell $450 million of senior notes due in 2024...


September 15, 2017 - IMFnews

Mortgage Securitization Rate Sinks in 2Q17

Roughly 27.3 percent of Fannie Mae, Freddie Mac and Ginnie Mae loans pooled in securities in the first half of 2017 were a month old at issuance, and 6.4 percent were two or three months old.


September 13, 2017 - IMFnews

Brian Montgomery (Finally) Picked for FHA Chief. Kittle for Ginnie Prez?

If confirmed by the Senate, it would be Montgomery’s second go at the FHA post, a position he held in the administration of George W. Bush.


September 12, 2017 - IMFnews

White House Finally Issues ‘Intent’ to Nominate Notice on Brian Montgomery for FHA Commissioner

While in the Bush White House, Montgomery assisted in HUD’s recovery and rebuilding efforts along the Gulf Coast and New Orleans following Hurricane Katrina. He is expected to play a similar role in the wake of hurricanes Harvey and Irma.


September 11, 2017 - IMFnews

Hurricane Harvey Puts 300,000 Loans on the Line. Estimates Begin on Irma Damage

Black Knight estimates there are 1.18 million mortgaged properties in FEMA-designated disaster areas influenced by the hurricane...


September 8, 2017 - IMFnews

Hurricane Damage: Despite Consumer Moratoriums, MBS Issuers Must Keep Making Payments

Just because consumers might be off the hook for at least 90 days on making their payments, MBS investors will want their money, noted on observer…


September 8, 2017 - IMFnews

Agency MBS Issuance Up Again in August as Refi Business Shows Renewed Strength

The agencies saw an 8.6 percent increase in refi volume from July to August, roughly triple the growth rate of the purchase-money business…


September 7, 2017 - IMFnews

Purchase-Mortgage Blowout: 2Q17 Highest Volume Since 3Q06

Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle...


September 6, 2017 - IMFnews

FHA Extends Interim Rules for Condo Project Approval

Spot-condo approvals would require property recertification every three years…


September 1, 2017 - IMFnews

What We’re Hearing: A $1 Billion Capital Buffer for the GSEs? / What Would the Minimum Be? / Government Assistance for Ginnie Issuers / A Status Report from Cornerstone Mortgage in Houston / Richard Cordray: Still There

CFPB's Cordray clerked for both Robert Bork and Anthony Kennedy...


September 1, 2017 - IMFnews

Agency-Backed CMO Production Slumped in 2Q17

Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…


August 31, 2017 - IMFnews

Short Takes: Navy Federal Would Like to Purchase Servicing Rights / An MSR Offering from Prestwick / Fed Okays Sterling’s Purchase of Astoria / A Clarification / New Hires for Castle & Cooke

The Fed just greenlighted a bank M&A deal...


August 31, 2017 - IMFnews

New HECM Underwriting Changes Could Reduce Program Volume by 20 Percent

During a press briefing with the media this week, HUD officials estimated there are roughly 24 million seniors with untapped equity in their homes…


August 30, 2017 - IMFnews

HUD Quadruples the Upfront Reverse Mortgage Premium. NRMLA Not Happy

NRMLA said the changes "diminish the benefit (amount of loan proceeds) available and increase the costs (increased upfront mortgage insurance premium) to most borrowers.”


August 29, 2017 - IMFnews

Short Takes: Huge Changes Coming to FHA HECM Program / UWM Ponies Up More Money for Brokers / One is the Loneliest Number / Scrutiny for Industrial Loan Charters / AI CEO Resigns After 10 Years

So, how is the program doing? A spokesman for UWM said 40 firms were created with the first round of seed money and all are still in business.


August 29, 2017 - IMFnews

A One-Year Moratorium on Mortgage Payments in Hurricane-Ravaged Counties?

Cowen & Co. predicts that storm damage caused by the hurricane could “encourage” lender consolidation…


August 25, 2017 - IMFnews

Prestwick Readies $532 Million Fannie/Ginnie Bulk MSR Portfolio for Auction

The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.


August 24, 2017 - IMFnews

Short Takes: A New Loan Record for Freddie Mac / CFPB Warns Seniors About Reverses / Refis on the Rise a Bit / SFR Official Gets Ginnie Job / A New Hire for Mortgage Network

According to a Freddie spokesman, the loan represents the “the largest-ever single-asset tax-exempt financing completed” by the GSE…


August 24, 2017 - IMFnews

Eagles Named HUD Acting Deputy Secretary; Pantenaude on ‘Hold’ in the Senate

Senate Democrats opposing the administration’s proposed cuts to HUD’s FY 2018 spending bill have reportedly placed a hold on Pantenaude’s nomination...


August 24, 2017 - IMFnews

Vendor That’s Digitizing the Mortgage Process Lands $100 Million in Funding

In earlier funding rounds, Blend's backers have included businessman Peter Thiel, who co-founded PayPal...


August 23, 2017 - IMFnews

Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM

A fast grower, Guild Mortgage is open to buying other shops...


August 23, 2017 - IMFnews

The Final Tally for 2Q17: FHA Lending Up, VA Production Down

Nonbank home originators continued to dominate the top five FHA rankings...


August 22, 2017 - IMFnews

Short Takes: loanDepot’s Hsieh has Some Fun / Fannie’s Forecast / Finance of America Ramps Up Reverses / Jumbo Credit Standards Loosened, Somewhat / New Regional Hires for Silver Hill

No update from loanDepot on the IPO, but CEO Anthony Hsieh took some shots at the rumor mill...


August 21, 2017 - IMFnews

Bank Investment in MBS Sets a New Record: $1.799 Trillion

Total bank investment in residential MBS rose by $36.28 billion during the second quarter…


August 18, 2017 - IMFnews

With No Ginnie Mae President on Board, Annual Summit Moved to January 2018

The Trump administration has yet to announce a nominee for the top job at Ginnie Mae...


August 17, 2017 - IMFnews

Government-Insured Mortgages the Biggest Gainer in 2Q17

Roughly 71.0 percent of second-quarter primary-market originations of first-lien mortgages were purchase loans, the highest reading in years…


August 16, 2017 - IMFnews

Short Takes: HUD Deputy Nominee Waits on the Senate, Still / Refis Rising? / A Private Placement for Ellington / Ellie Goes After the Big Boys / A Share Price Estimate of Zero

Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders...


August 11, 2017 - IMFnews

Mortgage REITs Boost MBS Investments During 2Q17, Show Healthy Appetite for Risk-Transfer Deals

Annaly Capital Management remained the largest MBS investor in the group, accounting for 32.2 percent of the market…


August 9, 2017 - IMFnews

In 2Q17, Correspondent Channel Held Up in a Shifting FHA/VA Market

Brokers saw the biggest increase in FHA business, with volume up 14.5 percent…


August 8, 2017 - IMFnews

PHH Enters Into Settlements with DOJ, FHFA to Settle Underwriting Issues Tied to Legacy Loans

PHH said it settled the cases without admitting liability “to avoid the distraction and expense of potential litigation.”


Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
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We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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