Government Lending
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Sam Valverde to resign from Ginnie Mae
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Sam Valverde, currently serving as the acting president of Ginnie Mae, is resigning from his position as of Nov. 30, 2024, according to an announcement ...

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NRMLA asks HUD to extend reporting timetable for cybersecurity incidents
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The National Reverse Mortgage Lenders Association (NRMLA) said this week that it has submitted comments to the U.S. Department of Housing and Urban ...

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Rep. Barbara Lee expresses interest in leading HUD if Harris becomes president
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Rep. Barbara Lee (D), a member of the U.S. House of Representatives who serves California’s 12th Congressional district in the Oakland area, has ...

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Open Mortgage has FHA direct endorsement authority terminated in Iowa
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The U.S. Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open ...

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Analysis: Loan repurchase patterns at Fannie, Freddie are divergent
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Courtesy of Sterling Point Advisors/Augment Analytics A review of the same agency loan-level data by mortgage-analytics firm Recursion shows that ...

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FHA amends identifier requirement for lenders, other entities seeking government business
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The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone ...

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GSEs will not count buyer agent commissions as IPCs
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Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to ...

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Ginnie Mae to issue new pool-level disclosure in HMBS program
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Ginnie Mae announced this week that it is adding a new pool-level, low-to-moderate income (LMI) disclosure to its Home Equity Conversion Mortgage ...

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