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Ginnie Mae

Ginnie Mae aligns liquidation reporting with GSEs

Ginnie Mae aligns liquidation reporting with GSEs

Distressed, Ginnie Mae, Politics and policy, Secondary markets, Servicing /

Ginnie Mae announced its plans to change liquidation reporting requirements in a move that aligns its policies more closely with the government-sponsored enterprises and mortgage-market participants.  Processing Content The change serves to enhance operations and improve accuracy and timeliness of liquidation event data, which are used to help determine payments tied to Ginnie Mae’s mortgage-backed […]

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NRMLA speaks out on the future of federal reverse mortgage programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, NRMLA, Regulatory, Reverse, Reverse Mortgage Daily /

After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and

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MBA lays out proposed changes for federal reverse mortgage programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, LendingLife, Mortgage Bankers Association, Reverse, Reverse Mortgage Daily /

The Mortgage Bankers Association (MBA)’s proposals to reform federal reverse mortgage programs include seven key recommendations — ranging from the creation of a new securitization option to charging insurance premiums based on the actual amount drawn.  In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae

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NRMLA backs Gormley and Cassidy for key housing roles

NRMLA backs Gormley and Cassidy for key housing roles

FHA, Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, NRMLA, Politics, Reverse Mortgage Daily, Senate /

The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal

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Fannie and Freddie waive some loan requirements amid shutdown

Fannie Mae, FHA, Freddie Mac, Ginnie Mae, Government Lending, Government Shutdown, HWmember, LendingLife, Mortgage, Origination /

Government agencies and enterprises issued guidance on Wednesday for mortgage lenders and servicers during the current government shutdown, which affects federal employees, services, contractors, vendors and other businesses. Fannie Mae and Freddie Mac are waiving some requirements for lenders due to the potential inability to confirm income, reserves, tax, and Social Security information from borrowers

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Ginnie Mae executive Joe Gormley nominated as president

Ginnie Mae executive Joe Gormley nominated as president

Capital markets, Ginnie Mae, Secondary markets, Servicing /

Ginnie Mae, a government corporation with the Department of Housing and Urban Development that protects funding for many U.S. mortgage loans, finally has a nominee for its long-vacant post of president. The Senate received the nomination of Joseph Gormley as Ginnie Mae president over the weekend and referred it to the Committee on Banking, Housing

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HomeStreet to sell $794M in Ginnie Mae MSRs

Ginnie Mae, HomeStreet, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Servicing /

Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing. The transaction is scheduled to close on August 1.  “As HomeStreet carried this servicing portfolio at current market value at June 30, 2025, no gain or loss is

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Nonbanks cement their dominance in agency servicer/seller market

agency MBS, Data & Visuals, Ginnie Mae, HWmember, Mortgage, Mortgage Servicing, Mr. Cooper, PennyMac, Servicing /

New issuance of agency mortgage servicing pools is down sharply — $555 billion through the first six months of 2025 versus $1.1 trillion in the same period last year — and is reflective of a sluggish origination environment. That’s according to Recursion‘s Agency Mortgage Servicer/Seller Report for July 2025. Prepayments were also down to $301

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HUD signs agreement with South Korean housing finance agency to spur MBS investment

Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, Scott Turner, Tariffs, Trump administration /

The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae on Friday signed a memorandum of understanding (MOU) with a South Korean housing finance authority, with the goal of increasing investment in U.S. agency mortgage-backed securities. The agreement, signed with the Korea Housing Finance Corp. (KHFC), “underscores a shared commitment to expanding access

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Senate confirms Andrew Hughes as HUD’s deputy secretary

Ben Carson, FHA, Ginnie Mae, Government Lending, Housing Market, HUD, HWmember, Scott Turner, Senate, White House /

Following his nomination for the role in March, the Senate on Tuesday confirmed Andrew Hughes as the deputy secretary of the U.S. Department of Housing and Urban Development (HUD) under Secretary Scott Turner. Hughes succeeds Adrianne Todman, who effectively served as HUD secretary for the final 10 months of the Biden administration. Todman left HUD

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