The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a “Call to Action” yesterday, asking its members to contact their state governors and urge them to prioritize mortgage and rental assistance for those in greatest need.
Tag: Ginnie Mae
MBA, Trade Groups Release Statement Urging Regulators to Establish Liquidity Facility
The Mortgage Bankers Association and a broad coalition of organizations representing financial industry and affordable housing advocates on Saturday released a statement calling on government regulators to provide a source of liquidity to those mortgage servicers that may need additional capacity to support homeowners and renters impacted by COVID-19.
Ginnie Mae, FHA Update Servicer Policies in Coronavirus Wake
Ginnie Mae and FHA on Friday issued updates addressing mortgage servicer liquidity issues that could result from the coronavirus pandemic.
#MBAIMB20: Housing Finance Reform—What It Means for Independent Mortgage Banks
NEW ORLEANS—After years of debate, housing finance reform is no longer a far-off concept. And government housing agencies appear poised to be part of the transition.
MBA, Trade Groups Urge FHFA to Use Caution on Changes to GSE UMBS Pooling Practices
The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.
New Regulations in VA Loans Promotes Clear Processes, Enhances Veteran Education About Home Financing and Refinancing
After the financial crisis in 2008, many veterans looked for new options in financing and refinancing for their homes. Veteran Affairs loans can cost much less for veterans and active military personnel – one of the more widely discussed advantages of veteran loan programs.
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.
Ginnie Mae Acting President Maren Kasper Announces Resignation
Acting Ginnie Mae President, Executive Vice President and Chief Operations Officer Maren Kasper said she is stepping down, effective Oct. 18, to pursue an opportunity in the private sector.