Government National Mortgage Association (Ginne Mae)

Type: Company
Name: Government National Mortgage Association (Ginne Mae)
First reported 4 hours ago - Updated 4 hours ago - 1 reports

Ginnie Mae To Big Banks Show Us Your Mortgages. But Can They

National Mortgage News . Because Bank of America is missing so many documents, Ginnie Mae put a planned sale of mortgage servicing rights on hold. While Bank of America assesses the problem, ... ... [Published Big News Network - 4 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

Links 4/18/14

Gabriel García Márquez, Nobel Prize-winning explorer of myth and reality, dies at 87 Washington Post What Gabriel García Márquez Means to His Fellow Colombians Slate Jesus died to give us two bank holidays Daily Mash Crows Like My Pal George ... [Published naked capitalism - 8 hours ago]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Both Purchase-Mortgage and Refinance Volume Down Sharply in Agency Activity

Advanced SearchVolume 2014 - Number 15April 17, 2014Downloads Available: Agency Purchase and Refinance Mortgage Trends - Jan 2013 to March 2014Downloads Available: Top Agency Sellers of Purchase Mortgages - 1Q14Downloads Available: Top Agency Seller of ... [Published Inside Mortgage Finance - 15 hours ago]
First reported Apr 17 2014 - Updated 21 hours ago - 1 reports

Home Loan Servicing Solutions, Ltd. Reports EPS of...

(GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. ("HLSS", "our", "we" or the "Company") (Nasdaq:HLSS) today reported net income of $43.7 million, or $0.61 per ordinary share, for the first quarter of 2014. Additionally, the Company's Board of Directors ... [Published Nasdaq - Apr 17 2014]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Ocwen’s Erbey: Lawsky hold has frozen all MSR deals

During the conference call for Home Loan Servicing Solutions ( HLSS ) first-quarter earnings, HLSS Chairman William Erbey said the New York Department of Financial Services’ indefinite hold on the $2.7 billion MSR deal between Ocwen Financial ( OCN ) ... [Published HousingWire.com - 22 hours ago]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Quelle Surprise! Ginnie Mae Says Bank of America Has Lots of Servicing Documents Missing; MERS Also in Hot Water

An article by Kate Berry in American Banker earlier this week hasn’t gotten the attention it deserves. Anyone who was paying attention to the mortgage beat in 2010 through 2012 knew that mortgage securitization originators and servicers were playing ... [Published naked capitalism - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 5 reports

Bank of America: 'We provide all required MSR documents'

After Ginnie Mae stopped the transfer of mortgage-servicing rights from  Bank of America ( BAC ) to a nonbank, Bank of America emphasized that its servicing portfolios are on par with market requirements.“In the normal course of business, we sell segments ... [Published HousingWire.com - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Embrace Home Loans Launches Affinity Mortgage Solution for Community Banks and Credit Unions

National lender now offering residential lending program that is simple, risk-free and profitableNEWPORT, R.I.--(BUSINESS WIRE)-- Embrace Home Loans , a prominent leader in the mortgage industry and a direct lender for Fannie Mae and Freddie Mac, approved ... [Published CNBC - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 2 reports

Ginnie Mae Nixes Mortgage Servicing Transfers

Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because the bank is missing documents such as recorded mortgages and title policies on the underlying home loans. ... [Published Asset Securitization Report Online - Apr 16 2014]
First reported Apr 12 2014 - Updated Apr 12 2014 - 2 reports

Ginnie Mae Guarantees $21.25 Billion in MBS in February 2014

Ginnie Mae announced today that it guaranteed $21.25 billion in mortgage-backed securities in February 2014. "Ginnie Mae continues to provide stability to the U.S. housing finance system, during both times of crisis and recovery," said Ginnie Mae President ... [Published Insurance News Net - Apr 12 2014]
First reported Apr 12 2014 - Updated Apr 12 2014 - 1 reports

April 30: Last Day to Submit Master Agreement

Advanced SearchVolume 7 - Number 8April 11, 2014Ginnie Mae will provide a one-month grace period to April 30, 2014, for issuers to complete the submission of their master agreement to the Master Agreement Management System (MAMS) within the agency’s enterprise ... [Published Inside Mortgage Finance - Apr 12 2014]
First reported Apr 12 2014 - Updated Apr 12 2014 - 1 reports

GNMA Bars HECMs with Fixed-Rate Future Draws

Advanced SearchVolume 7 - Number 8April 11, 2014Beginning June 1, 2014, securitizations backed by Home Equity Conversion Mortgages may not include HECM loans that provide for future draws at a fixed rate of interest. Specifically, Ginnie Mae warned that ... [Published Inside Mortgage Finance - Apr 12 2014]

Quotes

"Lower prepayment speeds led to another quarter of record earnings at HLSS," Erbey said. "Prepayment speeds declined due to a reduction in the already low refinancing activity and slower liquidations on seriously delinquent loans. While the prepayment speed for this non-agency portfolio could rebound in the near term, I believe that the longer-term trend remains favorable and that the company is very well positioned."
Ginnie Mae announced today that it guaranteed $21.25 billion in mortgage-backed securities in February 2014. "Ginnie Mae continues to provide stability to the U S housing finance system, during both times of crisis and recovery" said Ginnie Mae President Ted Tozer. Through its MBS, Ginnie Mae finances housing mortgage insurance programs run by the Federal
...5 billion Ginnie Mae bulk residential pool. One doesn't want to make a mistake with 19,000 loans. "Quality characteristics of this portfolio include: 3.758% Wtd Avg Note Rate, wide geographic dispersion highlighted by CA, TX, TN and OH, total delinquencies including foreclosures of only 3.85% on 20 months of seasoning, Wtd Avg Fico 719, new appraisals on 100% of the 646 VA IRRL Loans, and currently sub-serviced by Cenlar."
"Right now, the economy is charging along and moving forward. There is positive economic growth" Sara Sutachan told members of the Silicon Valley Association of Realtors during her visit to the area last month...

More Content

All (162) | News (132) | Reports (1) | Blogs (19) | Audio/Video (0) | Fact Sheets (3) | Press Releases (5)
sort by: Date | Relevance
Ginnie Mae To Big Banks Show Us Your Mortgages.... [Published Big News Network - 4 hours ago]
Links 4/18/14 [Published naked capitalism - 8 hours ago]
Both Purchase-Mortgage and Refinance Volume Dow... [Published Inside Mortgage Finance - 15 hours ago]
Home Loan Servicing Solutions' CEO Discusses Q1... [Published Seeking Alpha - 19 hours ago]
ANWORTH MORTGAGE ASSET : Announces Preferred Di... [Published 4 Traders - 20 hours ago]
Ocwen’s Erbey: Lawsky hold has frozen all MSR d... [Published HousingWire.com - 22 hours ago]
Ginnie Mae Guarantees $17.79 Billion in March 2014 [Published Ginnie Mae - 23 hours ago]
Home Loan Servicing Solutions, Ltd. Reports EPS... [Published Nasdaq - Apr 17 2014]
Quelle Surprise! Ginnie Mae Says Bank of Americ... [Published naked capitalism - Apr 17 2014]
Bank of America: 'We provide all required MSR d... [Published HousingWire.com - Apr 16 2014]
Bank of America: 'We provide all required MSR d... [Published Housing Wire - Apr 16 2014]
AB: Ginne Mae halts MSR transfer from BAC to no... [Published HousingWire.com - Apr 16 2014]
Ginnie Mae Nixes Mortgage Servicing Transfers [Published Asset Securitization Report Online - Apr 16 2014]
AB: Ginne Mae halts MSR transfer from BAC to no... [Published Housing Wire - Apr 16 2014]
Ginnie Mae halts MSR transfer from BAC to nonbank [Published Housing Wire - Apr 16 2014]
Model For Assessing The Sustainability Of Ameri... [Published Seeking Alpha - Apr 16 2014]
Embrace Home Loans Launches Affinity Mortgage S... [Published CNBC - Apr 16 2014]
Michael Lewis’ Flash Boys calls for US attention [Published Abu Dhabi National - Apr 16 2014]
Ginnie Mae To Big Banks: Show Us Your Mortgages... [Published Benzinga.com - Apr 16 2014]
Stock market slide: Time to panic? — Paul Ryan ... [Published Politico - Apr 14 2014]
Ginnie Mae Guarantees $21.25 Billion in MBS in ... [Published Insurance News Net - Apr 12 2014]
Ginnie Mae Guarantees $21 Billion-Plus in MBS i... [Published National Mortgage Professional Magazine - Apr 12 2014]
GNMA Bars HECMs with Fixed-Rate Future Draws [Published Inside Mortgage Finance - Apr 12 2014]
April 30: Last Day to Submit Master Agreement [Published Inside Mortgage Finance - Apr 12 2014]
BRIEF: MSRs on Nearly $900 Million in Loans Up ... [Published BusinessWeek - Apr 11 2014]
Ginnie Mae Guarantees $21.25 Billion in MBS in ... [Published Ginnie Mae - Apr 11 2014]
CFPB on Loan Closings; Chase and Wells Mortgage... [Published MortgageNewsDaily - Apr 11 2014]
Silicon Valley going 'gangbusters' thanks to jo... [Published San Jose Mercury News - Apr 10 2014]
Reverse Mortgage Business Launched [Mortgage Da... [Published BusinessWeek - Apr 09 2014]
CYS Investments : Announces Conference Call to ... [Published 4 Traders - Apr 09 2014]
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sort by: Date | Relevance
Links 4/18/14 [Published naked capitalism - 8 hours ago]
Gabriel García Márquez, Nobel Prize-winning explorer of myth and reality, dies at 87 Washington Post What Gabriel García Márquez Means to His Fellow Colombians Slate Jesus died to give us two bank holidays Daily Mash Crows Like My Pal George ...
Quelle Surprise! Ginnie Mae Says Bank of Americ... [Published naked capitalism - Apr 17 2014]
An article by Kate Berry in American Banker earlier this week hasn’t gotten the attention it deserves. Anyone who was paying attention to the mortgage beat in 2010 through 2012 knew that mortgage securitization originators and servicers were playing ...
Bank of America: 'We provide all required MSR d... [Published Housing Wire - Apr 16 2014]
After Ginnie Mae stopped the transfer of mortgage-servicing rights from Bank of America to a nonbank, BofA emphasized that its servicing portfolios are on par with market requirements. ...
Ginnie Mae Nixes Mortgage Servicing Transfers [Published Asset Securitization Report Online - Apr 16 2014]
Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because the bank is missing documents such as recorded mortgages and title policies on the underlying home loans. ...
AB: Ginne Mae halts MSR transfer from BAC to no... [Published Housing Wire - Apr 16 2014]
American Banker has a great scoop on Ginnie Mae halting the transfer of MSRs from Bank of America. ...
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Press Releases

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loanDepot announces the closing of new $80 mill... [Published PR Newswire - Nov 04 2013]
loanDepot survey finds Americans are looking fo... [Published PR Newswire - Oct 21 2013]
New American Funding to Participate at NAHREP, ... [Published PR Newswire - Sep 27 2013]
FINRA Significantly Increases Transparency in t... [Published Business Wire - Jul 22 2013]
New American Funding Featured on Close-Up on Am... [Published PR Newswire - Jul 15 2013]
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