Items Tagged with 'Ginnie Mae'

ARTICLES

  • MERSCORP Holdings to host a second eMortgage Boot Camp Nov. 15

    Find out how to execute an eNote strategy with operational, technical, and strategic game-planning
    With large investors including Wells Fargo, Texas Capital Bank, Ginnie Mae and the Federal Home Loan Banks signaling their intention to purchase and accept eNotes in the near future, some perceived barriers to eMortgage adoption are quickly falling away. That’s one reason MERSCORP Holdings, which owns and operates the MERS eRegistry, is holding an eMortgage Boot Camp this year on November 15.
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  • 6 Questions with 6 HUD Executives, Ep. 6: Ginnie Mae EVP and COO Michael Bright

    Bright talks about the affordability crisis, risks to the housing market, what drives him and more
    On this episode of 6 Questions with 6 HUD Executives, HousingWire Editor-in-Chief Jacob Gaffney sits down with Ginnie Mae Executive Vice President and COO Michael Bright to talk about affordable housing, the securities market and Ginnie Mae crossing the $2 trillion threshold.
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  • Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill

    Would wind down Fannie Mae and Freddie Mac, elevate Ginnie Mae
    It’s now officially been 10 years since the government took Fannie Mae and Freddie Mac into conservatorship. And in that decade, an uneasy status quo has developed with Fannie and Freddie dominating the housing finance system, despite their limited capital bases and unresolved position as wards of the federal government. But if House Financial Services Committee Chairman Jeb Hensarling has anything to say about it in his final days in office, all of that uncertainty will soon be resolved.
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  • Ginnie Mae to modernize its systems by 2020

    Makes plans to accept digital mortgages
    Ginnie Mae recently announced that it plans on giving its systems a major makeover, and hopes to complete its modernization by 2020. The agency said its mortgage-backed securities platform, while reliable, is in need of major upgrades. Here are the company’s plans for the next two years.
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  • Lenders react to removal from Ginnie Mae VA loan programs

    Responses couldn’t be more opposite
    Friday evening, Ginnie Mae announced it was booting several lenders from its Department of Veterans Affairs securities programs. Now, lenders are reacting, but their responses couldn’t be more opposite. While one lender is commending Ginnie Mae’s actions, while another stands firmly against them.
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  • Ginnie Mae boots 3 VA lenders from mortgage bond programs

    Continues crackdown of VA loan churning
    Ginnie Mae announced late Friday that it is booting three VA mortgage lenders from its main securities programs. All three issuers are restricted from including VA single family guaranteed loans in Ginnie Mae I securities or Ginnie Mae II multi-issuer securities. Click the headline to find out which three lenders got the boot.
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  • Ginnie Mae reveals new requirements for VA refinances

    Continues fight against predatory lending
    Ginnie Mae recently announced new requirements for its Department of Veterans Affairs refinance loans in order to protect service members from predatory lending. The agency issued an All Participants Memorandum that announced the implementation of changes to pooling eligibility requirements for VA insured or guaranteed mortgages.
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  • Mortgage market quickly bounces back from latest hurricane season

    Government agencies prepare for round two
    Last year was a rough one for homeowners hit by a slew of natural disasters including hurricanes, flooding, and even wildfires. Now, months later, the mortgage market is recovering surprisingly well, according to a panel of experts from government agencies at the Mortgage Bankers Association Secondary conference.
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  • Trump administration officially nominates Michael Bright to lead Ginnie Mae

    Bright has been leading Ginnie Mae on an interim basis since July 2017
    Ginnie Mae has been without a permanent leader since January 2017, but that could soon change, as the Trump administration announced Tuesday that it is formally nominating Michael Bright to serve as president of Ginnie Mae. If confirmed, Bright would take over officially for former Ginnie Mae President Ted Tozer, who stepped down at the beginning of the Trump administration.
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