Government National Mortgage Association (Ginne Mae)

Type: Company
Name: Government National Mortgage Association (Ginne Mae)
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Tozer Says Watchdog's Criticisms of Ginnie Are Actually Positives

Image: Bloomberg News"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.Ginnie Mae President Ted Tozer took issue with a government watchdog report that criticized ... [Published Bank Technology News - 20 hours ago]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

How do you thrive in a slow market?

Mortgage originations fell to a 14-year low in the first quarter of 2014. So why are some mortgage companies thriving?AmeriFirst Home Mortgage, a mortgage banker headquartered in Michigan, booked its best month ever in July. And according to Dan Moyle, ... [Published Mortgage Professional America - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

DS News Webcast: Wednesday 8/27/2014

[embedded content]The Federal Housing Administration announced earlier this week the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for ... [Published DSNews.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Report: Freddie Mac, Ginnie Mae Ignored ‘Red Flags’ in Fraud Case

A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency ( FHFA ) states that Freddie Mac  and Ginnie Mae  ignored "red flags" with regards to a mortgage fraud scheme perpetrated by lenders Taylor, Bean, and Whitaker ... [Published DSNews.com - Aug 27 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 2 reports

Billions lost to fraud through lack of communication at Fannie, Freddie -- report

The government’s mortgage finance giants could have saved taxpayers billions had they more effectively shared information about a massive fraud case, according to a new report.A new report by the acting inspector general of the Federal Housing Finance ... [Published Mortgage Professional America - Aug 26 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Tuesday federal headlines - August 26, 2014

Monday - Friday, 6-9 a.m.Hosts Tom Temin and Emily Kopp bring you the latest news affecting the federal community each weekday morning, featuring interviews with top government executives and contractors. Listen live from 6 to 9 a.m. or download archived ... [Published Federal News Radio 1500 AM - Aug 26 2014]
First reported Aug 25 2014 - Updated Aug 26 2014 - 1 reports

CYS Investments, Inc. to Present at Barclays Global Financial Services Conference

CYS Investments, Inc. ( NYSE: CYS ) ("CYS" or the "Company") todayannounced that Kevin E. Grant, CFA, the Company's CEO and President,will deliver a presentation at the Barclays Global Financial ServicesConference at the New York Hilton Midtown Hotel ... [Published CW Atlanta - Aug 25 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

FHFA watchdog: GSEs still at risk of TBW-style scams

In a new report, the FHFA’s watchdog warns that the government-sponsored enterprises and their government counterpart, Ginnie Mae, must make improvements in several areas to avoid a recurrence of the multi-billon dollar losses that were suffered at the ... [Published Housing Wire - Aug 26 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Bank of America Settles with U.S. Department of Justice and State Attorneys General

Bank of America has reached a settlement with the U.S. Department of Justice (DoJ), certain federal agencies and six states. According to a release from the company, the settlement includes releases on the securitization, origination, sale and other specified ... [Published Individual.com - Aug 26 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

BofA reaches landmark settlement with Justice Department over faulty securities

Bank of America announced last week that it has reached a settlement with the U.S. Department of Justice and state attorneys general to resolve allegations that the bank sold faulty mortgage securities.The $16.7 billion settlement is, according to the ... [Published BankCreditNews.com - Aug 25 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

The time was right

A recurring theme when looking back at the launch of Commodities magazine was good timing. The initial issue included letters from industry leaders extolling the need for a voice of the industry. Think about this—by the time we published our February ... [Published Futures Magazine - Aug 25 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 2 reports

BofA Likely To Report Q3 Loss Over Record $16.65 Billion Mortgage Settlement

Bank of America (NYSE:BAC) finally inked a deal with a string of government agencies to substantially put its outstanding legacy mortgage-related issues to rest for a total cost of $16.65 billion. [] The diversified banking group reached the accord with ... [Published Trefis - Aug 22 2014]

Quotes

"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
...in California and Colorado through this acquisition which we believe is an excellent cultural fit," said Jimmy Timmons , president of UAMC. "Both organizations have enjoyed success over the years by building strong team cultures and focusing on customer satisfaction."
..." Sherman added, "Ciena is extremely dedicated to delivering high-quality skilled nursing care at the 34 properties they already operate in Michigan. RED is pleased to support Ciena's continuing progress in upgrading the healthcare services and care environments available to Michigan nursing facility residents by providing a construction financing solution for the Shelby Township and Lansing projects."
...The FHA says the new rules will "provide consistent protections for borrowers with FHA-insured mortgages, while ensuring borrowers have early access to information when making decisions about their FHA mortgages."

More Content

All (164) | News (130) | Reports (1) | Blogs (28) | Audio/Video (0) | Fact Sheets (3) | Press Releases (2)
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Portfolio manager interview: Mortgage investing [Published Vanguard.com - 7 hours ago]
SGA Issues 50-State Survey on Convenience Fees [Published AFSA - 8 hours ago]
Wells Fargo, PNC top MBA rankings [Published Dodd Frank Update - 15 hours ago]
Wells Fargo Tops MBA Survey of Commercial and M... [Published National Mortgage Professional Magazine - 16 hours ago]
8/28/2014 MBA Releases 2014 Mid-Year Commercial... [Published Mortgage Bankers Association - 17 hours ago]
Tozer Says Watchdog's Criticisms of Ginnie Are ... [Published Bank Technology News - 20 hours ago]
CIBC Announces Third Quarter 2014 Results -13- [Published Scottrade - 23 hours ago]
Deloitte Corporate Finance LLC Advises Pinnacle... [Published HispanicBusiness.com - Aug 28 2014]
How do you thrive in a slow market? [Published Mortgage Professional America - Aug 27 2014]
RED Originates $20.5 Million for Two Skilled Nu... [Published The CW44 Tampa Bay - Aug 27 2014]
DS News Webcast: Wednesday 8/27/2014 [Published DSNews.com - Aug 27 2014]
GS/BAC settlements further vindicate Fannie and... [Published Value Walk - Aug 27 2014]
Report: Freddie Mac, Ginnie Mae Ignored ‘Red Fl... [Published DSNews.com - Aug 27 2014]
Billions lost to fraud through lack of communic... [Published Mortgage Professional America - Aug 26 2014]
Cornerstone Mortgage, Inc. is Featured as One o... [Published STLtoday.com - Aug 26 2014]
Tuesday federal headlines - August 26, 2014 [Published Federal News Radio 1500 AM - Aug 26 2014]
FHFA watchdog: GSEs still at risk of TBW-style ... [Published HousingWire.com - Aug 26 2014]
FHFA watchdog: GSEs still at risk of TBW-style ... [Published Housing Wire - Aug 26 2014]
Bank of America Settles with U.S. Department of... [Published Individual.com - Aug 26 2014]
CYS Investments, Inc. to Present at Barclays Gl... [Published CW Atlanta - Aug 25 2014]
BofA reaches landmark settlement with Justice D... [Published BankCreditNews.com - Aug 25 2014]
The time was right [Published Futures Magazine - Aug 25 2014]
More Evidence Suggests QM Rule Isn’t Having ‘Si... [Published The MReport - Aug 25 2014]
Federal Home Loan Mortgage : RICHMAC Funding LL... [Published 4 Traders - Aug 23 2014]
Freddie and Fannie: An Unconventional Proposal [Published GARP - Aug 23 2014]
BofA Reaches $17B Mortgage Settlement, Q3 EPS t... [Published Zacks.com - Aug 22 2014]
BofA Likely To Report Q3 Loss Over Record $16.6... [Published Trefis - Aug 22 2014]
Bank of America, US DOJ, states reach mortgage ... [Published Individual.com - Aug 22 2014]
Obama Administration Applauds Bank of America S... [Published DSNews.com - Aug 21 2014]
Urban Institute: Qualified Mortgage impact over... [Published HousingWire.com - Aug 21 2014]
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Blogs

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FHFA watchdog: GSEs still at risk of TBW-style ... [Published Housing Wire - Aug 26 2014]
In a new report, the FHFA’s watchdog warns that the government-sponsored enterprises and their government counterpart, Ginnie Mae, must make improvements in several areas to avoid a recurrence of the multi-billon dollar losses that were suffered at the ...
BANK OF AMERICA AGREES TO PAY $16.65 BILLION SE... [Published Clusterstock - Aug 21 2014]
Bank of America has agreed to pay the U.S. government $16.65 billion to end a mortgage probe over mortgages sold before the financial crisis.  This is a record penalty paid by a bank to the U.S. government.  Citigroup paid  $7 billion  and JPMorgan ...
Chicago FHLB launches Ginnie Mae MBS program [Published Housing Wire - Aug 19 2014]
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. ...
Reverse Mortgage Network Launches Baltimore Edu... [Published PR.com Press Releases - Aug 16 2014]
Owings Mills, MD, August 16, 2014 --( PR.com )-- Reverse Mortgage Network, Maverick Funding’s Reverse Mortgage Division, today announced the launch of its summer educational seminar series. The seminar, geared toward seniors age 62 and older, will provide ...
Kroll Bond Rating Agency Releases Research Repo... [Published EON Business - Aug 12 2014]
NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency released a research report today on the government sponsored entity (GSE) reform debate. Since the collapse of the U.S. financial markets in 2008, Congress and the policy community have been ...
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Press Releases

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Bank of America Reaches Comprehensive Settlemen... [Published Bank of America Press Release - Aug 21 2014]
FINRA Significantly Increases Transparency in t... [Published Business Wire - Jul 22 2013]
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