0 minute readGinnie Mae has suspended granting approvals to prospective issuers of reverse mortgages until it completes a “comprehensive review” of the risks associated with its HMBS program. HMBS are standardized mortgage-backed securities that will be collateralized by Federal Housing Administration-insured Home Equity Conversion Mortgage loans. Recent FHA program changes and the growth of government backing for mortgage lending over the past two years are send to have prompted the suspension of approvals.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance
HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
