Secondary

At Ginnie Mae, Michael Bright worked closely with Congress to fight churn in VA mortgages; he plans to bring the same collaborative approach to the Structured Finance Industry Group.

Michael Bright is resigning as acting president of Ginnie Mae to run the Structured Finance Industry Group, a trade association that's been without a CEO since Richard Johns resigned in July amid a reported split with the group's board.

The government shutdown could affect mortgage origination credit quality as lenders miss some red flags normally found using data that is not currently available, according to Moody's.

Due diligence firm American Mortgage Consultants has purchased Meridian Asset Services as part of its continuing efforts to expand through acquisition or organic growth.

The standards for mortgage lending constrained in December, as a drop in conventional credit brought availability to its lowest point since February 2017, according to the Mortgage Bankers Association.

Acting Ginnie Mae President Michael Bright will leave his post on Jan. 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.

Lennar Corp., the first big homebuilder to report in this earnings cycle, surged after its chairman said buyer traffic improved in December as mortgage rates declined.

Cascade Financial Services has become the only manufactured housing loan-focused servicer currently rated by Fitch, adding signs of a rebound in factory-built home financing that could lead to new private securitization.

The mortgage industry faces myriad questions and challenges in 2019. Here's a look at 12 executives who will be behind the waves being made this year.

Lagging construction, rising interest rates and the broader economy don't really bode well for buyers of commercial real estate, but most CRE lenders still expect originations to increase in 2019, according to the Mortgage Bankers Association.