Ginnie Mae

Wall Street puts blame on Calabria for blocking mortgage aid

04/13/20

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

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‘Rent strikes’ could wreak further havoc on mortgage system

04/13/20

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.

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

04/11/20

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.

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Mortgage forbearance requests surged as coronavirus spread

04/07/20

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.

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Servicers to feds: Stopgap plans not enough against coronavirus

04/06/20

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.

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Lenders tighten underwriting standards; coronavirus death on Wall Street

03/30/20

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

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April wave of missed payments could upend mortgage servicers

03/24/20

With economists fearing high unemployment stemming from the pandemic, the housing finance system is grappling with how it will recoup lost revenue from delinquencies, forbearance plans and other tremors.

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Don't believe doom and gloom on Fannie, Freddie

11/19/19

There's been chatter that investors are shying away from Fannie Mae and Freddie Mac mortgage-backed securities because Congress may not enact housing finance reform. Be skeptical of those claims.

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HUD promotes former CFPB official criticized for blog posts

11/08/19

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.

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There are better times ahead for mortgage finance

09/20/19

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.

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