Tag: Ginnie Mae
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that [Read more about this post…]
Ginnie Mae expands its monthly single-family reporting
Ginnie Mae unveiled a significant revision on Wednesday to its monthly single-family reporting protocols. The government mortgage bond guarantor incorporated expanded its payment default status [Read more about this post…]
Judge allows bulk of Texas Capital case against Ginnie Mae to proceed
The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the [Read more about this post…]
Indiana senator seeks information on HECM stability, calls for ‘congressional scrutiny’
The Home Equity Conversion Mortgage (HECM) program faces stability and viability challenges stemming from the 2022 collapse of a major industry lender and its extinguishment [Read more about this post…]
Judge sets pretrial deadlines in Texas Capital suit against Ginnie Mae
Should either party in this suit wish for others to join the litigation, such motions must be filed by Feb. 16. More crucially, the magistrate [Read more about this post…]
Former Ginnie Mae president applauds the development of new HMBS product
Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the [Read more about this post…]
RMF estate, now ‘out of money,’ seeks conversion to Chapter 7 bankruptcy
The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court [Read more about this post…]
Ginnie Mae to explore new reverse mortgage-backed security product
Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum [Read more about this post…]
