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Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio
18 Mar 2024 23:00 GMT
… facing its counterparties, Ginnie Mae is proactively seeking to … explained. “As such, Ginnie Mae requests resources dedicated to this … and approved staff.”
Ginnie Mae detailed that the HMBS … “At present, various Ginnie Mae staff across offices share …
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Indiana senator explains his inquiries into reverse mortgages
29 Mar 2024 01:28 GMT
… submitted a letter to Ginnie Mae president Alanna McCargo asking … reverse mortgage portfolio by Ginnie Mae were major influences toward … how Ginnie Mae monitored RMF, as well as Ginnie Mae’s … places significant stress on Ginnie Mae’s operations.”
When asked …
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Ginnie Mae contends TCB can’t rely on alleged verbal promises in lawsuit
08 Mar 2024 22:39 GMT
… high-ranking officials at Ginnie Mae and the Federal Housing …
But government attorneys representing Ginnie Mae (GNMA) say that it doesn … expressed authority to allow Ginnie Mae to extinguish RMF’s … TCB also claims that “Ginnie Mae lacked statutory authority to …
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Congress passes spending bills to avoid shutdown, adds to Ginnie Mae budget
07 Mar 2024 22:09 GMT
… some additional budget capacity to Ginnie Mae.
Colloquially called a “minibus,” the … to reporting from The Hill.
Ginnie Mae will receive additional funding above … -needed increase in funding for Ginnie Mae salaries and expenses, dedicated funding …
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Ginnie Mae implements swift cybersecurity incident reporting standards
05 Mar 2024 17:01 GMT
… The initiative underscores Ginnie Mae’s commitment to … of Ginnie Mae mortgage-backed securities must notify Ginnie Mae of … portfolios. Upon notification, Ginnie Mae will seek additional information … executive vice president at Ginnie Mae, said during a …
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Opinion: Reformed FHA program will offer lenders new business opportunities
28 Mar 2024 19:08 GMT
… Federal Housing Administration (FHA) and Ginnie Mae, which insure and guarantee loans … affordable financing, the FHA and Ginnie Mae jointly announced late last month … discuss the changes FHA and Ginnie Mae are making and the next …
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Texas Capital Bank shoots back at Ginnie Mae over dismissal motion
23 Feb 2024 22:50 GMT
… , and “Ginnie Mae — up to and including Ginnie Mae President Alanna … between Ginnie Mae and RMF.”
Alleged promises by Ginnie Mae
That … ‘absolute property’ of GNMA.”
Government attorneys went on … and related interests,” including Ginnie Mae’s charter statute, …
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HUD IG comments on inquiry into Ginnie Mae’s handling of RMF
22 Feb 2024 22:46 GMT
… stress for their operations.”
Ginnie Mae itself attested to this, … an impact on Ginnie Mae’s overall posture.
“GNMA has a … the industry, resulting in Ginnie Mae’s HMBS program being … portfolio could significantly challenge Ginnie Mae’s capacity,” the report …
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Texas Capital Bank objects to DOJ motion to halt discovery in Ginnie Mae case
21 Feb 2024 22:40 GMT
… and the president of Ginnie Mae, government attorneys also contended … FHA commissioner and the Ginnie Mae president, TCB contends that … of Madison Simm, Ginnie Mae’s President assured TCB … Commissioner disagreed with Ginnie Mae when Ginnie Mae went back on …
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Judge sets pretrial deadlines in Texas Capital suit against Ginnie Mae
23 Jan 2024 22:02 GMT
… portfolio seized by Ginnie Mae soon afterward.
Ginnie Mae subsequently used … the Obama administration.
Ginnie Mae position, recent HMBS … backed securities program. Ginnie Mae is seeking dismissal of … defaulted on its obligations, GNMA exercised its right to …