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Items Tagged with 'Ginnie Mae'


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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Caution: GSE reform could have serious unintended consequences

Guest blog by former Ginnie Mae president Joseph Murin
Former Ginnie Mae president Joseph Murin knows first-hand how important the government backstop to the mortgage industry is…and it’s not just for lenders. Without the government guarantee for mortgages, it will be the consumer who suffers most, Murin says.
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BSI Financial approved as Ginnie Mae issuer

Now able to service loans in Ginnie Mae securitizations
In a release, BSI Financial said that the Ginnie Mae approval provides “further evidence of BSI Financial's sound servicing practices and its track record of regulatory compliance.” The company also said that the accreditation “opens the door” for further expansion of the company's loan subservicing solutions.
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Banks’ agency MBS holdings rise $13.6 billion in Q3

Reverses decline in Q2
According to Barclays, the majority of the increase came in the form of conventional agency MBS holdings, which increased by $11.9 billion in the third quarter. Agency collateralized mortgage obligations increased $5.4 billion, while Ginnie Mae holdings were down by $3.7 billion.
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