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Ginnie Mae

What Ginnie Mae’s newest executive is planning for mortgages

Ginnie Mae, Mortgage technology, Politics and policy, Secondary markets /

Ginnie Mae’s operations chief told the industry Monday he is pursuing data improvements and revisiting several industry suggestions for innovations that could improve operations. When asked about concepts the Mortgage Bankers Association has recommended exploring such as creating a securitization vehicle for early buyout loans, Chief Operating Officer Joseph Gormley said Ginnie is “taking a […]

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Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank /

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) — which initially filed the lawsuit against Ginnie

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