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Ginnie Mae News

News on Ginnie Mae continually updated from thousands of sources around the net.

Wednesday | National Mortgage News

Tozer Says Watchdog's Criticisms of Ginnie Are Actually Positives

"I wish FHFA's IG would have called me because we could have explained a lot of this stuff away," said Ted Tozer, president of Ginnie Mae.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance

Wednesday Aug 27 | National Mortgage News

FHA Tweaks Interest Rate Rules to Align with QM

The Federal Housing Administration is changing a rule that will make it more flexible for home sellers to schedule closings without being penalized by interest charges.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services

Mon Aug 25, 2014

Washington Times

Freddie Mac faulted by IG in $2 billion mortgage fraud loss

The federal government's giant housing agencies could have saved taxpayers billions of dollars from mortgage fraud in a celebrated case involving Colonial Bank and Taylor, Bean and Whitaker, if they had shared more information with each other and conducted better audits.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance

Thu Aug 21, 2014

Housing Wire

Urban Institute: Qualified Mortgage impact overblown

It turns out that all of the concern and trepidation surrounding the rollout of Consumer Financial Protection Bureau 's new Qualified Mortgage and Ability-to-Repay rules in January wasn't worth it.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Services

Wed Aug 20, 2014

Investopedia

What are the best ways to invest in mortgage-backed securities (MBS)?

Mortgage-backed securities are debt obligations that represent ownership of an undivided interest in a group of mortgages.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Services, Fannie Mae

Tue Aug 19, 2014

Housing Wire

Chicago FHLB launches Ginnie Mae MBS program

The Federal Home Loan Bank of Chicago will soon launch its new program that allows members to originate and sell government-backed loans into Ginnie Mae mortgage-backed securities, according to a post from the National Association of Federal Credit Unions.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance

Sun Aug 17, 2014

NAFCU

Chicago FHLB begins MBS pilot with Ginnie Mae

Aug. 18, 2014 - The Federal Home Loan Bank of Chicago is nearing the launch of its pilot program that will allow its member institutions to originate and sell government-backed loans into Ginnie Mae mortgage-backed securities.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance

Wed Aug 13, 2014

Investopedia

What are the best ways to invest in mortgage-backed securities (MBS)?

Mortgage-backed securities are debt obligations that represent ownership of an undivided interest in a group of mortgages.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Services, Fannie Mae

Mon Aug 11, 2014

Housing Wire

Ginnie Mae reevaluates nonbank rules

Ginnie Mae President Ted Tozer noted in a Bloomberg article that since the company increasingly relies on nonbank mortgage companies, he is evaluating if they have enough easy-to-sell assets to survive in times of distress.

Comment?

Related Topix: Financial Services, Home, Mortgage, Personal Finance

Mon Aug 04, 2014

Business Wire

Commerce Bank Offers Mortgage Loan Products From Embrace Home Loans

Embrace Home Loans is a prominent leader in the mortgage industry and a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and an issuer for Ginnie Mae.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Marketing, Financial Services, US News, United States Department of Agriculture

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