Ginnie Mae

The new monthly reporting rule lists improved accuracy and timeliness of MBS payments among its goals, with implementation planned for February 2026.

Joseph Gormley has been nominated as Ginnie Mae's first permanent president since May 2024, with industry leaders praising his housing finance expertise.

COO Joseph Gormley weighed in on cuts at the securitization guarantor and efforts to improve the industry's efficiencies and the government's.

Chief Operating Officer Joseph Gormley's appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages.

The bank said it will appeal the judge's ruling, which it suggested would have a chilling effect on lenders participating in such government programs.

Sales of so-called social bonds, which direct proceeds to areas like health, housing and education, jumped about 130% to $657 billion globally last year, and continued at a similar pace in the first quarter.

Over 100,000 loans for first-time home buyers have been pooled and securitized in issuances this year, the guarantor of government-backed loans said.

Early moves by the new head of the Department of Housing and Urban Development include blocking activities related to diversity, equity and inclusion.

Ginnie Mae let go roughly 25% of its workforce following edicts from Elon Musk's Department of Government Efficiency, with other regulators in the crosshairs.

Authors in two separate Urban Institute papers warn how headcount reductions at the entities could negatively impact borrowers, taxpayers and the housing market.

The organizations play a critical role in our economy, providing affordable single family mortgage loans to enable homeownership, writes the Executive Director of the Community Home Lenders of America

HUD denied claims that 40% of the administration's workforce will be cut.

The government guarantor saw close to 25% of probationary employees cut.

The mortgage securities guarantor told the Government Accountability Office it was held back by the limits of its role and information sharing constraints.

Twenty-year mortgage terms and lower debt-to-income ratio would more responsibly support increased homeownership than many Biden-era initiatives says the co-director of the American Enterprise Institute's Housing Center.

The proposal is one of several that aims to address difficulties managing early buyouts from mortgage-backed securities pools.

The news comes weeks after the servicing fintech announced its latest venture capital raise.

Government lending leaders also addressed efforts to increase housing stock and affordability in a discussion at the Mortgage Bankers Association's annual conference.

A big part of the trouble with the RBC rule is that Ginnie Mae is essentially using its limited legal authority to qualify government issuers to impose sweeping changes on how IMBs operate writes the Chairman of Whalen Global Advisors.

Climate change is leading to an increase in frequency of catastrophic weather events, causing property damage and issues with homeowners insurance.