The new Ginnie Mae buyout authority expires March 31 of next year…

The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.

Roughly 82 percent of the VA-backed mortgages are interest rate reduction refinance loans or IRRRLs.

Ginnie Mae and the Department of Veterans Affairs have created a joint task force to deal with improper early refinancing of VA loans – a practice the agencies thought they had eliminated but which has reemerged in the last couple of weeks. The task force will be monitoring closely monthly VA refinancing data and will develop additional policies to augment the current policy, which Ginnie, in consultation with the VA, issued last year to curb churning of VA loans in its MBS. Responding to concerns raised by Sen. Elizabeth Warren, D-MA, acting Ginnie President and Chief Operations Officer Michael Bright acknowledged...

An impossible scenario, one that keeps Federal Housing Finance Agency Director Mel Watt up a night? We shall see...

The case started back in 2011 as a “whistleblower” lawsuit filed in New York. Allied, a net branch operator, was based in Houston.

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

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

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

The FHA nominee had been a Radian director since 2012…