The Mortgage Bankers Association has asked FHA to clarify whether those who opt for the emergency partial claim will be disqualified for a HAMP modification in the next 24 months.
Ginnie officials have received high marks from the industry for setting up a liquidity facility during the early days of the coronavirus crisis. But how many program applicants have there been? We may find out soon.
Thanks to a tweak in regulatory language, approved Ginnie Mae servicers can access financing for servicing advances. PennyMac was the first to sign up. Will other nonbanks follow?
Thousands of rural multifamily rehabilitation loans have become ineligible for a Ginnie guarantee due to USDA’s reformed interpretation of its subordinate-lien policy.
The Federal Housing Finance Agency has proposed separate capital and liquidity requirements for servicing GSE loans and mortgages backing Ginnie securities. The new minimum liquidity requirements will affect only nonbanks and could benefit banks and private MIs.