Ginnie Mae

HUD promotes former CFPB official criticized for blog posts


Eric Blankenstein, who resigned from the Consumer Financial Protection Bureau in May after the discovery of his racially charged writings, was named acting executive vice president of Ginnie Mae.


There are better times ahead for mortgage finance


While many lenders lately managed their business expecting reduced volume, now they get to capitalize on extremely low mortgage rates. But today's benevolent conditions will not always be with the industry.


Ginnie Mae punished his firm. Now, Trump may put him in charge.


A mortgage industry executive with ties to a firm penalized in a U.S. predatory lending crackdown is being considered by the Trump administration to run Ginnie Mae, according to people familiar with the matter.


Cheat sheet: Trump administration’s road map for GSE overhaul


The Treasury Department made clear in a much-anticipated report that it prefers Congress take up reform of the government-sponsored enterprises, but it also recommended steps that federal agencies could take without legislation.


FHA cracks down on cash-out refinancing


The Federal Housing Administration is aiming to limit the share of borrowers who have been withdrawing money from the value of their homes.


House votes to protect VA loans, promote counseling for FHA borrowers


The chamber passed a bill that would clarify how certain loans backed by the Department of Veterans Affairs are securitized, and legislation encouraging first-time homebuyers to participate in counseling programs.


Former CFPB official criticized for blog posts joins Ginnie Mae


The mortgage agency has hired Eric Blankenstein, who sparked controversy while at the consumer bureau over past revelations of racially charged writings.


How acting Ginnie Mae chief is trying to get to the bottom of VA refis


Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures. The government bond issuer is making new plans to address the impact.


GSE reform proposals have small lenders on edge


Community banks and credit unions fear a Senate plan and other legislative ideas will nullify steps taken by Fannie Mae and Freddie Mac that have made it easier for smaller institutions to compete.


Cheat sheet: Crapo plan reasserts Capitol Hill’s role in GSE reform


Just as the Trump administration appears focused on releasing a framework without Congress, the Senate Banking Committee has re-entered the policy fray with a new proposal.