During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”
Read More »Legislation Introduced to Narrow the Homeownership Gap
The Low-Income First-Time Homebuyers (LIFT) Act will help reduce the racial wealth gap by allowing qualified buyers to build equity–and wealth–at twice the rate of a conventional 30-year mortgage.
Read More »Ginnie Mae’s MBS Portfolio Reaches $2.422T in June
Ginnie Mae reports that its June 2023 recorded MBS issuance will support the financing of 130,000-plus households nationwide, including more than 62,000 first-time homebuyers.
Read More »Ginnie Mae Unveils New Loan-Level LMI Disclosures for USDA-RHS Loans
"These additional disclosures highlight a uniquely impactful portion of our business and enable investors to measure and potentially expand their impact across these communities," said Sam Valverde, Principal EVP of Ginnie Mae.
Read More »Gauging the Reach of Federal Homeowner Assistance
Five Star’s Legal League has published a white paper detailing how the government’s Homeowner Assistance Fund has provided relief and loss mitigation options for homeowners nationwide during the pandemic.
Read More »Ginnie Mae Updates Electronic Signature, RON Policy
Ginnie has extended the use of electronic signatures in conjunction with Remote Online Notarization to include power of attorney mortgage documents. Click through to read the details.
Read More »Ginnie Mae’s MBS Portfolio Hits $2.4T in May
May’s mortgage-backed securities issuance supports the financing of more than 113,000 U.S. households, including more than 55,000 first-time homebuyers.
Read More »Ginnie Mae Adds New Reporting and Feedback System Data Elements
Implementation of rules changes will increase transparency for Ginnie Mae’s global investors by enhancing data flow with its issuers.
Read More »Ginnie Mae’s MBS Portfolio Hits $2.39T in April
According to Ginnie Mae, April’s mortgage-backed securities issuance supported the financing of more than 112,000 households, including assisting more than 50,700 first-time homebuyers.
Read More »Ginnie Mae MBS Q1 Portfolio Crosses the $2.3T Mark
First-quarter mortgage-backed securities issuance by Ginnie Mae supported the financing of more than 281,000 households, including more than 126,000 first-time homebuyers.
Read More »