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What We're Reading: The Good Friday edition
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Items Tagged with 'Ginnie Mae'

ARTICLES

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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Big banks buy $14 billion in Ginnie Mae bonds

Other bond purchases flat in fourth quarter
February 21, 2014
Wells Fargo had the largest increase in Fannie Mae and Freddie Mac MBS holdings, adding $6.1 billion, while Bank of America and Citigroup reduced their holdings by $4.8 billion and $2 billion, respectively.
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Selene Finance reportedly gets big Ginnie Mae boost

Carrington Mortgage Services also part of the action
February 12, 2014
Sources tell HousingWire that Ginnie Mae is displeased with more than a few of its "poorer performing mortgage servicers" and will place those distressed mortgages with one of two selected third-party firms.
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What is driving positive earnings for Fannie, Freddie?

FHFA explains the not-so-obvious answer
February 5, 2014
Fannie Mae and Freddie Mac reported combined net income totaling $39.2 billion in the third quarter of 2013, buoyed by each GSE releasing a substantial portion of its Deferred Tax Asset valuation allowance in 2013. But that alone won't explain the good news.
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Good news for mortgage bonds means good news for homebuyers

Agency bond gains, QM rule drive down mortgage costs
February 3, 2014
A surge in Fannie Mae, Freddie Mac and Ginne Mae agency mortgage bonds the last week of January may be what’s driving down the cost of mortgages this week.
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Don't look now: Fannie, Freddie, Ginnie bonds are on a roll

Second round of tapering being absorbed just fine
January 29, 2014
While the Federal Reserve continues to reduce holdings of mortgage-backed securities and Treasurys, the mortgage bond market is reacting well. Very well.
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Monday Morning Cup of Coffee: Ginnie MSRs up for grabs; Key housing data expected

January 27, 2014
More Ginnie Mae mortgage servicing rights are up for grabs, while the housing market awaits key economic data after a shaky week on Wall Street. All of this and more in Monday Morning Cup of Coffee.
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