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Items Tagged with 'Ginnie Mae'


Ginnie Mae ditches paper and goes electronic application

Electronic filing to start very soon
July 23, 2014
Ginnie Mae, the only issuer of government-backed mortgage bonds, announced it is moving away from paper-based issuer applications to an all-electronic system. As of September 1, all applicants will be required to file electronically, via the Application Connection.
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Wells Fargo: Chicago home loan bank seeks Ginnie Mae alliance

Redwood Trust also plans joint venture
July 18, 2014
"Details are not known yet; however, based on news reports, this program could result in additional GNMA residential mortgage backed securities supply," said a research report from Wells Fargo.
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Nationstar: "Our capital and liquidity position remain strong"

FHFA blocked servicer's MSRs
July 2, 2014
Although the Federal Housing Finance Agency Office of the Inspector General’s most recent report over nonbank special servicers tried to keep the troubles of one company anonymous, all fingers point to Nationstar.
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Ginnie Mae’s MBS portfolio reaches $1.5 trillion

Grown 30% from $1 trillion in 2010
June 24, 2014
The corporation's portfolio has grown from $1 trillion in 2010 to $1.5 trillion in 2014. It took 42 years, from the company's founding in 1968 to 2010, for its portfolio to reach $1 trillion.
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Here's proof Fannie and Freddie are betting on the housing recovery

Expect improved fundamentals
May 9, 2014
The loss reserve fund once stood at $116 billion and it's now down to a four-year low of $72 billion. There are many reasons for this happening and all point to continued improvements in the housing markets.
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Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
April 24, 2014
New regulations promulgated by the Consumer Financial Protection Bureau discourage lending by banks and nonbanks alike and are causing loan portfolios and loan securitization volumes to fall steadily, he added.
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Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block
April 16, 2014
After Ginnie Mae stopped the transfer of mortgage-servicing rights from Bank of America to a nonbank, BofA emphasized that its servicing portfolios are on par with market requirements.
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Ginnie Mae halts MSR transfer from BAC to nonbank

MSRs lack documents, firm says
April 16, 2014
American Banker has a great scoop on Ginnie Mae halting the transfer of MSRs from Bank of America.
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$500 million in MSRs hits the market

Fannie, Freddie and Ginnie all included
March 21, 2014
Interactive Mortgage Advisors announced that it is overseeing the sale of two portfolios of mortgage servicing rights totaling more than $500 million.
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Invesco adjusts strategy to reverse fortunes

Net income fell nearly 60% in 2013
March 3, 2014
Real estate investment trust Invesco is changing its business strategy after a weaker-than-hoped-for 2013. So what happened and how is Invesco reacting?
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