Ginnie Mae

Wells Fargo buys $14B of delinquent mortgages tied to pandemic


The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.


Why lenders are wary of FHA's terms for buying loans with forbearance


The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.


'We got out early and quickly': FHA chief details coronavirus response


The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.


Mortgage servicers remain hopeful U.S. will deliver coronavirus relief


Federal backing for firms facing a deluge of missed mortgage payments is still on the table despite recent comments by an official who questioned the need to help the industry.


Wall Street puts blame on Calabria for blocking mortgage aid


At issue is whether the U.S. should step in now to save nonbank mortgage servicers to head off damage to the housing market.


‘Rent strikes’ could wreak further havoc on mortgage system


Tenants have threatened to suspend payments during the pandemic to pressure officials into providing rental assistance, but the effects on multifamily loans would compound concerns about servicers' liquidity and, ultimately, lenders' performance.


Ginnie Mae launches 'last resort' coronavirus-related liquidity aid


Ginnie Mae will begin taking requests for assistance from issuers who, having exhausted all other options, are having trouble advancing borrowers' principal-and-interest payments to investors amid the pandemic.


Mortgage forbearance requests surged as coronavirus spread


The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.


Servicers to feds: Stopgap plans not enough against coronavirus


Ginnie Mae and the FHA provided temporary liquidity relief for mortgage servicers bracing for higher delinquencies, but the industry continues to pressure Treasury and the Fed to provide more comprehensive support.


Lenders tighten underwriting standards; coronavirus death on Wall Street


Banks and fintechs are not taking undue risks in lending to new customers; Jefferies CFO Peg Broadbent succumbs to the disease at age 56.