Ginnie Mae and the VA began drafting new lender regulations last year that would require lenders to educate veterans with more information, allowing for better decision-making in deciding on the benefit of the cost of an Interest Rate Reduction Refinancing Loan.
Tag: Ginnie Mae
MBA Offers Recommendations to Ginnie Mae Digital Collateral Guide
The Mortgage Bankers Association, in a Dec. 23 letter to Ginnie Mae, offered a series of recommendations as the agency develops its upcoming Digital Collateral Guide.
Black Knight: First-Time Homebuyers ‘Under Pressure’ as Early-Stage Delinquencies Rise
Black Knight, Jacksonville, Fla., said nearly 1% of first quarter originations became delinquent six months post-origination. Though this represented less than one-third of the 2000-2005 delinquency average of 2.93%, it is up more than 60% over the past 24 months and the highest since 2010.
MBA Urges Senate Passage of FY2020 THUD Appropriations
With the Senate expected to vote today on a key HUD fiscal 2020 appropriations bill, the Mortgage Bankers Association sent a letter to Capitol Hill urging the bill’s passage.
MBA Advocacy Update
Last week, Consumer Financial Protection Bureau Director Kathy Kraninger gave her semi-annual report before the House Financial Services Committee and the Senate Banking Committee. And the Financial Accounting Standards Board announced that it will delay the implementation date of the Current Expected Credit Loss standard for small public companies and private companies.