How acting Ginnie Mae chief is trying to get to the bottom of VA refis

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Tozer: Ginnie Mae backs nearly all FHA, VA mortgages – By Andrew Scoggin – The head of Ginnie Mae said the government corporation has increased its role in the mortgage market since the housing bust, backing virtually every new loan guaranteed or insured by the major federal housing authorities.

There will still be some refis going through the government’s HARP2 program, which allows borrowers who have Fannie Mae and Freddie Mac loans to refinance, even if they owe more on their mortgages than their homes are currently worth (underwater’).

Monday, july 3 july 3: Residential legal news; disaster area updates; FHA, VA, and Ginnie news from agencies & lenders; Angel Oak non-QM security Saturday, July 1 Blockchain projects, notes on wire fraud and cyber attack safeguards, lender technology, lender vs. investor risk

Inventory keeps contracting as higher rates deter sellers: Redfin Homebuilder sentiment cools from almost 12-year high Lenders scolded for climate ignorance in ‘insane’ Florida deals Lenders Scolded for Climate Ignorance in ‘Insane’ Florida Real Estate Deals More (Bloomberg) — Hurricane Michael killed seven people and caused more than $6 billion in damage in Florida in October, a toll compounded by warmer, higher seas and wetter air, the signs of climate change scientists have long warned about.John Ralston But in such a high-stakes scenario, one can never be too sure. Wilcox defends his unconventional eating habits over a grilled steak and a glass of 12-year-old Lagavulin Scotch. He is a proponent of.Two acquisitive mortgage bankers see first-quarter profits fall Skip to content Bloomberg the Company & Its Products Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Terminal demo request menu search bloomberg sign In Subscribe Home Markets.National scarcity of houses gives sellers the edge – Some who had locked in ultra-low fixed mortgage rates may be reluctant to take on a new loan at a higher. Its inventory was up 6.5 percent in the first quarter. Yet it was still down 61 percent.Refi mortgage application share rises above 50%

Whitecaps  · What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans – mainly loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA).

Soon after acting Ginnie Mae Acting President Maren Kasper took the helm of the agency in January, she and other officials decided to step up efforts to address the issue of faster prepayments for loans backed by the Department of Veterans Affairs.

People have been "scrambling to get closings done before the storm hits," he said. according to CoreLogic estimates. Fannie Mae is preparing to delay foreclosure sales and other legal proceedings.

What’s not clear from yesterday’s announcement is whether or not Fannie and Freddie are acting strategically. larger clients. Try as I might, I struggle with what public policy motives or purpose.

Stronger economy boosts mortgage rates: Freddie Mac 1 day ago. I cover mortgage, housing and real estate.. “Despite the affordability boost, rising demand against limited. could move lower if the Fed acts to lower rates as insurance for economic growth.” fannie mae, Freddie Mac and the Mortgage Bankers Association all. Some places will be better bets than others.