The purchase-mortgage and refinance sectors saw nearly identical gains in Ginnie volume last month, with most of the refi increase in rate-term transactions. Read More
Ginnie Mae's request for comment on proposed changes to pooling requirements for higher-risk VA cash-out refinance loans is generating mixed views from stakeholders.
The trade group has asked FHFA to standardize and delay implementation of the redesigned standard loan application form, saying lenders might not be ready. Read More
Reports from the Congressional Budget Office and the Urban Institute analyze various ways to lower the government’s cost of running and maintaining the Home Equity Mortgage Program for cash-strapped, equity-rich seniors. Read More
Breakout sessions on liquidity, compliance and counterparty risk are expected to draw industry participants at Ginnie’s Annual Summit next week. Read More
Entities are prohibited by the Internal Revenue Service from using their own employer identification number to request additional EINs required for Ginnie Mae custom pools. Read More
FHA delinquency rates were down nearly 17 basis points between March and April, according to the Inside FHA/VA Lending database. The Mortgage Bankers Association’s delinquency survey reported a 28-bp increase in FHA delinquencies in the first quarter of 2019. Read More