Ginnie Mae, is a wholly owned U.S. government corporation that guarantees and securitizes pools of mortgages originated through FHA, Veterans Administration, and Rural Housing Administration programs. Since the housing crisis Gennie Mae has experienced a shift in is lender (issuer) base; the share of non-banks originating the loans underlying its mortgages-backed securities (MBS) has increased significantly. Now the Office of Inspector General (OIG) for the Department of Housing and Urban Development (HUD), has published the results of an audit which claims Ginnie Mae, in its oversight role, has not adequately responded to that shift. While Ginnie Mae guarantees and securitizes the above types of loans, it depends on its issuers to take full responsibility for servicing, remitting, and reporting

September 27, 2017 Download our Mobile App: Download our Mobile App: Housing News OIG Criticizes Ginnie Mae Oversight of Nonbanks Ginnie Mae, is a wholly owned U.S. government corporation that guarantees and securitizes pools of mortgages originated through FHA, Veterans Administration, and Rural Housing Administration programs. Since the housing crisis Gennie Mae has experienc... (read more) Housing News Housing Momentum "Drained" Per Pending Sales Data The prospects for home sales weakened further in August, and the National Association of Realtors® (NAR) has downgraded its sales forecast for the remainder of 2017. In what must be the gloomiest report in some time, NAR announced its Pending Hom... (read more) MBS Commentary MBS Live Day Ahead: Bonds Staring Down a Tough Day Before it even began, today was set to be a challenge for bond markets.  As discussed in an earlier update on MBS Live , Treasury yields rose sharply in the overnight session with the most common justification being today's imminent announcem... (read more) Housing News Purchase Applications Gain Ground A second consecutive downturn in refinancing volume during the week ended September 22 offset one of the best weeks for purchase mortgage applications since mid-summer. As a result, the Market Composite Index, a measure of application volume, also po... (read more) Rob Chrisman Bank/Lender M&A - The What and Why; Training Events Princess Bride 30-years old ? Time flies. My 94-year old father remembers his childhood phone number in San Francisco: WAlnut 4694. Telephones moved to all numbers in the 1940s and 1950s - will addresses also change? Is it possible to change every ad... (read more) MBS Commentary MBS Live Recap: No Drama From Yellen; Bonds Still Holding Ground Today was another good day for bond markets despite the fact that Treasury yields moved somewhat higher during the course of trading hours.  At least in today's case, bonds didn't require an injection of geopolitical drama in order to maintain... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.37 -0.14 UMBS 6.0 101.29 -0.11 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:14PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.928 +0.043 7 YR Treasury 4.142 +0.043 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:14PM EST Latest Video The GOP's tax plan: Blueprint for reform Max Baucus: This is just a framework, we have no idea what the tax legislat... Republicans unveil tax reform framework Around the Web consumerfinancemonitor.com CFPB issues arbitration rule small entity compliance guide CNBC The real problem with credit reports is the astounding number of errors Market Watch Everything you wanted to know about your credit report but were afraid to ask Calculated Risk Blog Zillow Forecast: "August Case-Shiller Forecast: Annual Home-Price Gains Aiming Higher" Market Watch One-third of American households can't afford food, shelter or medical care CNBC Bonds could be the big loser under the GOP tax plan Reuters Reversing crisis-era trends, U.S. family income jumped in 2013-2016: Fed CNBC This is the most important point in the GOP tax-reform plan Market Watch Fed's Bullard sees no need to raise interest rates anytime soon Bloomberg No Working Fed Inflation Models, Says Dan Tarullo - Bloomberg Video Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since April 2008 Federal Reserve Agencies propose simplifying regulatory capital rules Freddie Mac Freddie Mac Announces the Issuance of a New Three-Year Reference Notes Security

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.