The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Politics & Money

Industry relieved that Ginnie Mae is no longer being ignored

If Alanna McCargo is confirmed, industry insiders say that the quasi-agency will have more influence with HUD

HW-Alanna-McCargo
Alanna McCargo, senior advisor at the Department of Housing and Urban Development

Monday’s announcement that Alanna McCargo, senior advisor at the Department of Housing and Urban Development, is up for the nomination of Ginnie Mae president put a smile on the face of the mortgage industry.

Fair housing organizations, trade groups, and former Ginnie Mae presidents all expressed relief that a qualified candidate has a solid chance to finally fill a role that has been sitting vacant since early 2017. Ginnie Mae backstopped roughly $2.1 trillion of mortgage-backed securities as of Aug. 31.

The nomination potentially “gives Ginnie more of a plug into HUD and access to the leadership of the department,” said Ted Tozer, who served as Ginnie Mae president from 2010 to 2017 and departed shortly before President Trump took office.

If McCargo is confirmed as president, she will have the opportunity “to talk to politicians and give more substance to the issues that Ginnie is trying to advocate for,” Tozer remarked.

After Tozer’s exit in early 2017, Michael Bright, the current CEO of trade group Structured Finance Association, served as the interim president from 2017 to 2019, but was never confirmed by Congress. Thus, the position sat open for almost five years.

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