Ginnie Mae/FHA

Browse articles from IMFnews related to Ginnie Mae/FHA.

April 19, 2018 - IMFnews

Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.


April 19, 2018 - IMFnews

Phoenix Selling a Large Bulk MSR Portfolio. Bid Deadline: May 1

All of the receivables were originated through the retail channel…


April 19, 2018 - IMFnews

Nonbanks Continue to Gobble Up More of the Agency Servicing Market

Nonbank servicing of agency MBS has nearly doubled since March 2014…


April 13, 2018 - IMFnews

What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows

Now comes the big question: How many more MB Financials are out there?


April 12, 2018 - IMFnews

Private MI Loan Volume Down Sharply in 1Q18

The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…


April 11, 2018 - IMFnews

Ginnie MBS Production Tumbled to Three-Year Low in 1Q18

The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.


April 10, 2018 - IMFnews

MountainView Selling $6B-Plus of Bulk Servicing Rights

The bulk portfolio has ultra-low delinquencies…


April 10, 2018 - IMFnews

GNMA Chief Confident Agency Will Win Back Investors

Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.


April 9, 2018 - IMFnews

Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs

The conventional portion is top heavy with New York loans…


April 9, 2018 - IMFnews

MBS Trading Volume on the Rise in Early 2018

Demand for agency product remains strong, but the investor base is beginning to shift somewhat, said MBS Highway Principal Barry Habib...


April 6, 2018 - IMFnews

What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio?

One word for crazy signing bonuses paid to LOs: stupid...


April 6, 2018 - IMFnews

Acting Ginnie Mae Chief Michael Bright Worries about Liquidity, Big Time

Acting Ginnie Mae President Michael Bright said some of the concerns regarding nonbanks raised in a recent Brookings Institute white paper are valid…


April 6, 2018 - IMFnews

All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent

But Freddie Mac’s 37.2 percent drop was the biggest, by far…


April 5, 2018 - IMFnews

Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief

Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.


April 5, 2018 - IMFnews

For Ginnie Mae, a 'Line out the Door' of Potential Risk-Sharing Partners

There appears to be a long line of counterparties willing to work with Ginnie…


April 3, 2018 - IMFnews

Short Takes: No Word from the White House / Thinking About Risk, Daily/ Cash-out Refis on the Rise / Annaly’s Unique MBS / Ellington CFO Lisa Mumford Retires

A subsidiary of Annaly Capital Management plans to issue a non-agency mortgage-backed security with a mix of seasoned mortgages...


April 3, 2018 - IMFnews

Ginnie Contemplates Grading System for Issuer/Servicers

Such firms would then be eligible for what he called “concierge services” from the agency.


March 29, 2018 - IMFnews

Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans

The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…


March 28, 2018 - IMFnews

USDA Continues Pilot Program that Uses Alternative Loan Limits

Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.


March 27, 2018 - IMFnews

Surprise: A Good Year for HECMs, Production Up 23 Percent in 2017

The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…


March 23, 2018 - IMFnews

HUD Needs $500M to Modernize FHA’s IT System

Housing and Urban Development Secretary Ben Carson told Congress it would cost approximately $500 million upfront to convert FHA’s archaic information technology systems to a modern technology platform.


March 22, 2018 - IMFnews

Ginnie and Freddie Drive Agency Servicing Increases in 2017, Nonbanks Expanding

The mortgage servicing business racked up its third consecutive year of steady growth in 2017.


March 16, 2018 - IMFnews

Investor Demand Sturdy Enough to Absorb Slight Growth in Agency Single-Family MBS

The fastest-growing program continued to be Ginnie Mae MBS, which shot up 8.2 percent for the year…


March 14, 2018 - IMFnews

The Final Tally for 2017: $251 Billion of FHA Loans

California led all states in FHA mortgage securitization with $39 billion…


March 13, 2018 - IMFnews

Ginnie Mulls Changes to MSR Pacts to Improve Nonbank Liquidity

Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…


March 9, 2018 - IMFnews

What We’re Hearing: The Federal Reserve Worries (Big Time) About Nonbank Mortgage Firms / Junk Status / The DeMarco-Bright Plan Critiqued / Finally, a Sensible and Fair Proposal on GSE Reform / Layoffs at Guaranteed Rate

The Federal Reserve has a name for the credit quality of nonbanks: junk.


March 9, 2018 - IMFnews

Will the White House Tap Michael Bright to be the Permanent President of Ginnie?

Before going into government service, Bright co-authored a housing-finance reform paper with former Federal Housing Finance Agency Acting Director Ed DeMarco…


March 9, 2018 - IMFnews

Agency MBS Production Slumped in February

Higher mortgage interest rates are squashing the refinance sector…


Poll

What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.

35%

I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.

14%

Not bad, but he needs to take his time making additional changes.

12%

We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

39%