Tag Archives: Ginnie Mae

Thursday, in a letter to Senator Elizabeth Warren (D-MA), Ginnie Mae explained how it is curbing VA refinance speeds and aggressive marketing by some VA approved lenders.

According to remarks heard in the Principles of Housing Finance Reform hearing today, the status quo is no longer an option when it comes to Fannie and Freddie. But what would a reformed system look like? And how can we get there? Today’s hearing at the Senate Commmittee on Banking, Housing, and Urban Affairs offered some ideas.

Seven years might not seem all that long a tenure in the corporate world, but in the land of political appointees, Ted Tozer’s near-decade at the helm of Ginnie Mae was a true anomaly. Editor's Note: This feature originally appeared in the June 2017 print edition of DS News.

Nancy Corsiglia will join Ginnie Mae as Executive Vice President and Chief Operating Officer, reporting to President Ted Tozer, Ginnie Mae announced on Monday.

Ginnie Mae's public-private partnership has enabled more than 10 million families achieve the American dream, according to Ginnie Mae president Ted Tozer.

The new record set in July surpassed the previous mark of $46.1 billion, set in July 2009. For Fiscal Year 2015, Ginnie Mae has guaranteed more than $346 billion mortgage-backed securities, way ahead of the $242 billion the corporation guaranteed by this point in FY 2014.

Ginnie Mae’s SVP of Issuer and Portfolio Management Michael Drayne said Ginnie Mae intends to engage issuers, document custodians, and other stakeholders in a dialogue about how to most effectively update the program requirements and infrastructure relating to pool collateral.

Today’s housing market barely resembles the market that existed five or even four years ago, much less the environment that was in place when Ginnie Mae was created in 1968 or when it issued the world’s first mortgage-backed security (MBS) in 1970.

Ginnie Mae has launched a scorecard-based risk management tool that will allow Issuers to gauge their operational and default performance against both their peers and Ginnie Mae's program standards, according to an announcement from Ginnie Mae.

A sizable new portfolio of agency mortgage servicing rights (MSR) has come to market with days left to go before bidding ends.