Home >> Tag Archives: Ginnie Mae (page 5)

Tag Archives: Ginnie Mae

$50M-Plus Monthly Servicing Portfolio on Offer

New York-based Mortgage Industry Advisory Corporation (MIAC) announced the offering of a new $50 million per month mortgage servicing flow portfolio. The portfolio, which is made up of more than two-thirds Ginnie Mae and nearly one-third Fannie Mae loans, is being offered by a "well capitalized mortgage company that originates nationally," said MIAC, which is acting as the seller's exclusive representative on the offering. The seller will provide full representations and warranties for the loans included.

Read More »

$835M Ginnie Mae Servicing Portfolio Hits Market

A new $835 million Ginnie Mae mortgage servicing rights (MSRs) portfolio has hit the market, with Colorado-based MountainView Servicing Group acting as the advisor. According to an announcement from MountainView, the bulk servicing offering includes 99.7 percent fixed-rate and 100 percent first-lien product with a weighted average original FICO score of 691.

Read More »

House Democrats Introduce New GSE Reform Bill

Representatives John K. Delaney (D-Maryland), John Carney (D-Delaware), and Jim Himes (D-Connecticut) introduced Thursday new housing finance reform legislation aimed at winding down Fannie Mae and Freddie Mac and replacing them with a federally backed insurance program administered through Ginnie Mae.

Read More »

Ginnie Mae on Track to Surpass Freddie

On Wednesday, the Urban Institute (UI) issued a report finding that, based on the latest numbers, Ginnie's book of business is now at $1.5 trillion—a rate of growth that has tripled over the last seven years. What this means is that at its current rate of growth, Ginnie Mae will soon surpass Freddie Mac as the silver medalist in the single-family mortgage securitization platform game, behind Fannie Mae.

Read More »

Flagstar to Sell $40.7B in Servicing Rights to REIT

Flagstar Bancorp, Inc., announced a deal with Matrix Financial Services Corporation, a subsidiary of Two Harbors, an REIT. According to Flagstar's announcement, the agreement covers the sale of $40.7 billion in unpaid principal balance on residential MSRs, an amount making up about 55 percent of Flagstar's mortgage loans "serviced-for-others" portfolio. The pool of loans covered in the deal is made up of loans originated mostly after 2010 and serviced for Fannie Mae and Ginnie Mae, the announcement says.

Read More »

Ginnie Mae Begins First Phase in Modernizing Securitization Platform

Ginnie Mae, a government corporation focused on ensuring liquidity to support mortgage lending, announced the start of the first phase in its initiative to modernize its securitization platform. The plan kicked off with the release of four new systems applications for issuers: Request for Pool Numbers, Request for Commitment Authority, Submission of Master Agreements for Certification and Recertification, and Request Transfer of Issuer Responsibility.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.