Ginnie Mae Newswire

TCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed

But an oral argument is not guaranteed, and neither party has yet to make any official motions to be ruled upon. TCB initially brought the case against Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) in late 2023. It alleged that …

Joe Gormley addresses those pesky Ginnie Mae rumors

When asked about concerns over low staffing levels, Gormley said there are more than 200 employees at Ginnie Mae and that he feels “very good about where we are from a staffing perspective.” “We are able to meet all of our operational commitments; all of …

What Ginnie Mae's newest executive is planning for mortgages

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 …

Ginnie Mae MBS portfolio reaches $2.74 trillion

April’s issuance included $40.7 billion in Ginnie Mae II MBS and $1.4 billion in Ginnie Mae I MBS, with $1.3 billion specifically designated for multifamily housing loans. These securities supported more than 125,000 households last month, including 58,000 …

TCB appeals ruling for Ginnie Mae in lawsuit over collateral

Texas Capital Bank followed through with its planned appeal of a federal district court ruling in a lawsuit with Ginnie Mae over Home Equity Conversion Mortgage assets, according to a new filing. TCB filed a brief notice this week that it has moved the …

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

The bank alleged that Ginnie Mae had “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [HECM] program.” Ginnie Mae sought a summary judgment through a …

Home remodeling bond sales surge as Americans avoid moving

(Bloomberg) — Wall Street is cranking up the bond machine as US homeowners — finding that buying a new house is out of reach since mortgage rates started climbing in 2022 – are instead getting home equity loans and sprucing up their current properties. …

Manufactured homebuilder Cavco Industries rebrands Crouse location

CROUSE — R-Anell Homes, a Cavco Industries company, is now operating as Cavco-Crouse. Located at 235 Anthony Grove Rd. in Crouse, Cavco-Crouse is among 31 Cavco-owned manufacturers and builders of high-quality, affordable manufactured homes who have …

How Loandepot managed some MSR financing maturing this year

Loandepot announced a new source of funding collateralized by certain cashflows from mortgage servicing rights that will allow it to redeem other similar financing due this October. The private offering of term notes secured by MSRs has an aggregate …

Celink parent adds former Ginnie Mae exec to its board of directors

Pordzik spent 13 years at Ginnie Mae. She oversaw more than 400 mortgage-backed securities (MBS) issuers during her tenure while aiming to modernize compliance and monitoring profiles. She also played a role in introducing the Issuer Operational …

Rocket to issue $4B in debt amid Redfin, Mr. Cooper deals

The offering includes $2 billion in unsecured senior notes due in 2030 and another $2 billion due in 2033, available to qualified institutional buyers. Initially, the notes will be guaranteed by Rocket Mortgage, and upon deal completion, by certain Redfin …

PennyMac, loanDepot tap debt markets with senior notes

PennyMac will issue unsecured senior notes due in 2030, following an $850 million offering by PennyMac Financial Services in an oversubscribed transaction earlier in May.  The company plans to use the proceeds to invest in subordinated bonds from its …

Want $3,500 per Year in Passive Income Paid Monthly? Invest Just $2,500 in These Dividend Stocks

Investing Sutthiphong Chandaeng / Shutterstock.com According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially …

Ginnie Mae filling leadership void with new COO

Ginnie Mae has made its first high-level appointment under the Trump administration, naming former public housing and trade group official Joseph Gormley as executive vice president and chief operating officer. The appointment puts Gormley in a leadership …

Court upholds Ginnie Mae’s authority in reverse mortgage dispute, grants summary judgment

On April 2, the U.S. District Court for the Northern District of Texas granted defendant Ginnie Mae’s motion for summary judgment in a dispute concerning Ginnie Mae’s Home Equity Conversion Mortgage (HECM) mortgage-backed securities (HMBS) program. The …

Privatizing Fannie And Freddie: Credit Impacts We Still Can’t Predict

An American flag at a residential home in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. ... More Mortgage rates in the US increased to the highest level since July. Photographer: David Paul Morris/Bloomberg© 2024 Bloomberg Finance LP All …

Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank

Dispute and decision TCB contended this occurred after Ginnie Mae turned to TCB to avoid “a catastrophic disruption of the HECM program.” In return for lending money to Reverse Mortgage Funding (RMF), TCB said it received a first priority lien “on certain …

Ginnie Mae beats Texas Capital Bank's HECM lawsuit

A judge has dismissed Texas Capital Bank's federal lawsuit against Ginnie Mae over mortgage assets, a ruling the bank said could have a "chilling effect" on the industry.  U.S. District Judge Matthew Kacsmaryk on Wednesday granted Ginnie' …

What is Ginnie Mae? A complete guide

Updated Links: Weiner Team on London Times Radio, US Main Street Radio; Op-Eds on Marijuana, College Cost, Trump Fatigue

Updated press release with the correct links WASHINGTON, D.C., DC, UNITED STATES, June 8, 2025 /⁨EINPresswire.com⁩/ -- Weiner Appears on London Times Radio, Silk and Joe; Spring Interns Publish Successful Op-Eds on Marijuana Warnings, College …

Pierpoint Ventures’ Maury Blackman: 'It’s Not Tariffs—AI Is Quietly Reshaping the American Job Market'

SAN FRANCISCO, CA, UNITED STATES, June 7, 2025 /⁨EINPresswire.com⁩/ -- As headlines blame tariffs and geopolitical tensions for a cooling U.S. labor market, Pierpoint Ventures CEO Maury Blackman is calling out a far more powerful—and largely …

News Release – Nine Men at Waiawa Correctional Facility Earn Kapiʻolani Community College Culinary Arts Certificates

STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI JOSH GREEN, M.D. GOVERNOR KE KIAʻĀINA DEPARTMENT OF CORRECTIONS AND REHABILITATION KA ʻOIHANA HOʻOMALU KALAIMA A HOʻOPONOPONO OLA   TOMMY JOHNSON DIRECTOR KA LUNA HOʻOKELE     NINE MEN AT WAIAWA CORRECTIONAL …

4Kira4Dads 'Dads Got Something to Say' Capitol Hill Advocacy Days Spotlighting Fathers’ Role in Maternal Health Movement

ATLANTA, GA, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- In honor of Father’s Day and in service of its mission to eliminate preventable maternal deaths, 4Kira4Moms proudly announces the 4Kira4Dads ”Dads Got Something to Say” Advocacy Days, …

A Powerful New Saga Unfolds: 'The Emperor of California' by Lee R. Brand

"The Emperor of California" by Lee R. Brand invites readers on an unforgettable journey where power, prophecy, and political intrigue collide. FRESNO, CA, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- "The Emperor of …

Policy Pathways Launches 'Uncounted': A National Civilian-Driven In-Custody Death Reporting Database

Accountability Begins With A Count. RICHMOND, VA, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- In a landmark step toward justice and transparency in the American criminal legal system, Policy Pathways, Inc., has launched Uncounted—the …

Office of the Governor — News Release — Gov. Green Releases Intent-to-Veto List

STATE OF HAWAIʻI  KA MOKU ʻĀINA O HAWAIʻI    JOSH GREEN, M.D.  GOVERNOR KE KIAʻĀINA    GOVERNOR GREEN RELEASES INTENT-TO-VETO LIST  FOR IMMEDIATE RELEASE June 6, 2025 HONOLULU – Governor Josh Green, M.D., today informed legislative leaders and stakeholders …

Higher Ed Coalition Urges Trump Administration to Immediately Reverse Actions on Intl. Student Visas

The Association of Governing Boards of Universities and Colleges has joined leading higher education organizations to reverse actions on intl. student visas. WASHINGTON, DC, DC, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- The Association …

VETCOMM US CEO Kate Monroe Honored with Veteran Media Advocate Award at Military & Veterans Entertainment Awards Gala

SAN DIEGO, CA, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- Kate Monroe, CEO and founder of VETCOMM US, has been recognized for her outstanding advocacy and media leadership with the "Veterans Media Advocate" Award at the …

MoonPay Secures BitLicense, Expanding Crypto Access in New York State

Regulatory Milestone Strengthens MoonPay’s Commitment to Secure and Accessible Crypto Services NEW YORK, NY, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- MoonPay, a global cryptocurrency on-ramp and payments leader, has secured the …

Blake Hunter Yagman Joins Spiro Harrison & Nelson as Partner

Top Boutique Law Firm Adds Leading Antitrust and Data Privacy Attorney to its Growing Practice RED BANK, NEW JERSEY, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- Spiro Harrison & Nelson is pleased to announce that Blake Hunter Yagman, …

Americans Regain Spending Confidence as Business Caution Grows, According to Prosper Insights and the Federal Reserve

Latest Prosper Monthly Consumer Survey reveals that while Americans remain concerned about the job market, their day-to-day spending attitudes are stabilizing WORTHINGTON, OH, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- New research from …

LKICORP® Global Icon Luke Kriger to expand across USA Territories

Kriger Confident in largest Investment amid Economic Challenges PITTSBURGH , PA, UNITED STATES, June 6, 2025 /⁨EINPresswire.com⁩/ -- The technological landscape is about to witness a significant shift as LKICORP®, under the Corporate leadership of …

Department Files Civil Forfeiture Complaint Against Over $7.74M Laundered on Behalf of the North Korean Government

The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia alleging that North Korean information technology (IT) workers obtained illegal employment and amassed millions in cryptocurrency for …

Louisiana Man Pleads Guilty to $3.8 Million Durable Medical Equipment Fraud Scheme

A Louisiana man pleaded guilty today in connection with a five-year scheme to submit millions of dollars in fraudulent claims to Medicare for expensive and medically unnecessary medical equipment. According to court documents, Michael L. Riggins, 62, of …

Final of 14 Individuals Sentenced for Dog Fighting

Following a final sentencing hearing today, all 14 defendants convicted in a large-scale federal dog fighting case in Albany, Georgia, have been sentenced to a total of 343 months in prison for dog fighting and other charges. “Dog fighting is an odious …

The Justice Department, Texas Reach Agreement to End In-State Tuition for Illegal Aliens

WASHINGTON – U.S. Attorney General Pamela Bondi and Texas Attorney General Ken Paxton released the following statements after a federal judge formally enjoined Texas from providing in-state tuition for illegal aliens. "The Justice Department commends …

Federal Jury Convicts Pakistani Weapons Smuggler of Transporting Iranian Advanced Conventional Weapons Destined for the ...

A federal jury convicted a Pakistani national today on charges related to smuggling Iranian-made advanced conventional weaponry destined for the Houthis in Yemen and threatening multiple witnesses. According to court records and evidence presented at trial …

Justice Department Launches Investigation into Rhode Island for Race-Based Employment Preferences in Violation of Title ...

The Justice Department’s Civil Rights Division has opened an investigation into the State of Rhode Island (“Rhode Island”) concerning potential race-based discrimination in state employment practices. The state of Rhode Island mandates state agencies set …

Five Highs Gang Members Convicted by Jury of RICO Conspiracy, Drug Trafficking, and Firearms Offenses

Following a three-week trial, a federal jury in Minneapolis convicted five Minnesota men today for their involvement in the Highs — a violent Minneapolis street gang — and in gang-related murders, shootings, and narcotics distribution. According to court …