Items Tagged with 'Ginnie Mae'

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  • EXCLUSIVE: Outgoing HUD Deputy Secretary Pam Patenaude gives full support to Ginnie Mae’s Maren Kasper

    Patenaude says she has “complete confidence” in new Ginnie Mae president
    There may be a few questions about new Ginnie Mae Acting President Maren Kasper, but Kasper just received a full-throated endorsement from perhaps the most powerful woman in housing. “I have complete confidence in Maren’s ability to succeed,” outgoing HUD Deputy Secretary Pam Patenaude told HousingWire on Thursday. Click the headline to read more of HousingWire's exclusive chat with Patenaude.
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  • Who is Maren Kasper, the new head of Ginnie Mae?

    Former Roofstock director at the center of numerous issues at HUD
    Ginnie Mae said Wednesday that Maren Kasper, Ginnie Mae’s current executive vice president, will serve as acting president in Michael Bright’s absence. But what do we know about Kasper, who will soon be overseeing an agency that boasts a mortgage bond portfolio of more than $1 trillion? A look into Kasper finds housing experience, but also numerous issues during her time at HUD.
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  • Michael Bright abruptly steps down from Ginnie Mae

    Asks to have nomination to serve as president withdrawn
    It’s been almost two years since Ginnie Mae had a permanent president, and now it looks like the wait is going to continue. HUD announced late Wednesday that Michael Bright, who has been leading Ginnie Mae on an interim basis for nearly 18 months and was the Trump administration’s nominee to lead the agency, is leaving Ginnie Mae next week.
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  • Ginnie Mae issues new rules for servicers and issuers

    New rules designed to provide more security to MBS market
    Aiming to provide more stability and integrity to the mortgage-backed securities market, Ginnie Mae on Friday released a number of new rules for mortgage servicers and issues of Ginnie Mae securities. Click through for the full details.
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  • 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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