Tag Archives: Alanna McCargo

Reduction in MIP will result in an estimated savings of $678 million for American families by the end of 2023, and benefit an estimated 850,000 borrowers over the coming year, saving them an average of $800 annually.

Stepping up its Environmental, Social, and Governance (ESG) efforts, Ginnie Mae is providing greater transparency into its pools for investors through new LMI disclosure.

With this new announcement, Ginnie Mae continues its commitment to issuers that maintain the strength and liquidity of the government mortgage market.

As per the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018, Ginnie Mae has released its inaugural examination of VA-guaranteed loans.

“The steepest increase in mortgage rates in decades is a headwind for homebuyers, but Ginnie Mae’s guaranty and insuring agency partners are here with products and programs to help consumers achieve their dream of homeownership,” said Ginnie Mae President Alanna McCargo.

New policy changes will improve the strength of the mortgage sector by increasing issuer liquidity by shortening the re-pooling seasoning requirement for reperforming loans from six months to three months.

The 11th Annual Women in Housing Leadership Awards event capped off the 2022 Five Star Conference and Expo, recognizing the achievements of businesswomen impacting the housing and mortgage servicing industry.

Ginnie Mae’s mortgage-backed securities outstanding portfolio grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July, and $2.119 trillion last year. This growth was fueled by steady new issuance of Ginnie Mae MBS ...

New updated minimum financial eligibility requirements for GSE seller/servicers and Ginnie Mae issuers will ensure that the nation’s housing finance system remains safe and sound, and that sustainable mortgage credit remains available for all qualified borrowers.

Tapped by the Biden Administration as Acting Director nearly a year ago to the day, Sandra L. Thompson assumes responsibility for oversight of the $7.5 trillion mortgage finance market in an Agency ceremony.