Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals

Items Tagged with 'Ginnie Mae'


Mortgage Partnership Finance, Ginnie Mae announce expanded loan program

Group of Federal Home Loan Banks now offer servicing-released mortgage sales
Together with Ginnie Mae, the Mortgage Partnership Finance Program, a group of Federal Home Loan Banks formed to sell fixed-rate mortgage loans into the secondary market, announced an expanded loan offering that will allow the program’s participants to execute a servicing-released mortgage sale to Ginnie Mae.
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$4 billion Ginnie Mae bulk MSR portfolio available for sale

Features 97% 30-year fixed rate loans, average 22 months seasoning
Buyers looking to score some Ginnie Mae servicing are in luck. Interactive Mortgage Advisors announced the sale of a $4 billion Ginnie Mae bulk portfolio of residential mortgage servicing rights. And according to Thomas Piercy, managing member of Interactive Mortgage Advisors, the portfolio is “most likely the best Ginnie Mae deal offered this year.”
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Ginnie Mae changes issuer requirements

Rule changes address regulatory issues, mergers, ownership changes
Citing an increase in the volume and complexity of requests for business status change approvals from its issuers, Ginnie Mae announced Tuesday a series of changes to its requirements. Click here to read Ginnie Mae's new rules.
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$2 billion bulk Ginnie Mae MSR portfolio hits the market

Carries weighted average interest rate of 3.71%
MountainView Servicing Group, a provider of residential mortgage servicing rights sales and valuation advisory services, announced that it is advising on the sale of a $2 billion bulk portfolio of mortgage servicing rights backed by Ginnie Mae.
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Ginnie Mae just had its biggest month ever

Sets record for MBS issuance in July
Lest anyone think that the government’s position in housing isn’t more than firmly entrenched, Ginnie Mae announced last week that in July it set a record for mortgage-backed security issuance. Here are all the details.
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$2 billion Ginnie Mae bulk MSR portfolio hits market

Loans carry weighted original loan-to-value ratio of 94%
Mortgage servicers seeking to get their hands on some Ginnie Mae servicing now have that opportunity, thanks to a nearly $2 billion mortgage servicing rights portfolio that’s now available for sale. Here are all the pertinent details.
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Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration, lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac, a new survey of lenders showed. Here are all the details.
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Mortgage Partnership Finance issues first Ginnie Mae bond

Group of Federal Home Loan Banks launches $5 million security
The Mortgage Partnership Finance, a group of Federal Home Loan Banks, announced that it issued its first mortgage bond guaranteed by Ginnie Mae. The $5 million security is backed by mortgages originated by community lenders.
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