McCargo In One-on-One Talks With Issuers Over Eligibility Standards September 19, 2022 Monica Hogan The Ginnie Mae chief said “the majority” of its issuers would already be in compliance...Read More
Industry Tells White House Time is Right for an FHA MIP Cut September 14, 2022 Monica Hogan The plea came in the form of a letter to Brian Deese, director of President Biden’s National Economic Council.Read More
Ocwen Says Company Not in Compliance with GNMA RBC, May Exit the Space September 12, 2022 Paul Muolo Ocwen is contemplating its options, including leaving the Ginnie Mae arena...Read More
Down Sharply: Ginnie Mae Buyout Activity September 7, 2022 Monica Hogan The top three Ginnie Mae servicers ranked by loan removals: Freedom Mortgage, Lakeview, PennyMac Financial Services...Read More
A Bright Spot Appears: The HECM Niche September 6, 2022 Refinances accounted for more than half the volume...Read More
FHA Addresses Student Loan Debt Relief as It Applies to Mortgages September 6, 2022 If the credit report doesn’t show a current monthly payment of more than zero, more information might be needed...Read More
CSBS to Update Model Standards for Nonbanks August 30, 2022 Sam Manas The process will take several months, and will require a vote by CSBS commissioners...Read More
Smaller MBs Affected the Most by Servicer Eligibility Rules August 25, 2022 Dennis Hollier One analyst believes the rule change has already contributed to further widening of spreads for Ginnie securities over Treasuries.Read More
FHA/VA Originations Smacked Around in 2Q22 August 23, 2022 Monica Hogan VA activity was hit the hardest, with lending volume off 14.7% sequentially in 2Q22...Read More
Ginnie Mae Eyes Expansion of FHA-HFA Risk-Share Program August 19, 2022 Monica Hogan Originally launched in 2014, the FFB Risk Share Initiative was created to reduce the cost to finance FHA multifamily loans...Read More
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