Ginnie Mae Newswire

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' …

Judge admits expert testimony from TCB in case against Ginnie Mae

Earlier this month, government attorneys challenged the inclusion of the report on the record, contending that “the court should deny TCB’s implicit request for reconsideration” because the report was not “appropriate or useful.” But Judge Matthew …

What drove mortgage expenses higher in 2024: SEC filings

Mortgage lenders saw expenses rise throughout 2024 as they heavily invested in growing out and supporting personnel, according to filings with a government agency. Independent mortgage banks ramped up hiring last year, driven by expectations that falling …

Ginnie Mae MBS issuance drops for third straight month

Monthly volume for new issuances of Ginnie Mae mortgage-backed securities declined for the third straight month after reaching a two-year peak last fall. The guarantor of government-backed loans reported $33.8 billion in MBS issued in February, off from $ …

Dovenmuehle Receives New Subordinate Lien Servicer Ranking, Maintains Above Average Primary Servicer Ranking from S&P ...

LAKE ZURICH, Ill., April 2, 2025 (SEND2PRESS NEWSWIRE) — Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, today announced that S&P Global Ratings has assigned the company an Above Average ranking as a residential …

Ginnie Mae challenges TCB expert’s testimony in HMBS case

Last month, TCB contended in a filing that the government’s assertion “that Ginnie Mae had statutory authority to extinguish TCB’s lien” on the collateral at issue is “incorrect.” Congress clearly laid out Ginnie Mae’s authority to pool backing securities …

Alt home equity product from RMF alum expands into new states

The product is “designed to help homeowners convert a portion of their home equity into tax-free funding for retirement planning, insurance, annuities, and other financial needs,” the company explained. “We are proud to expand our offerings in our home …

Trump taps HUD deputy but FHA, Ginnie Mae vacancies remain

The new look of the Department of Housing and Urban Development is beginning to take shape, but key leadership vacancies remain.  The Trump administration this week nominated current HUD Chief of Staff Andrew Hughes to serve as deputy secretary, under …

What the Rocket-Mr. Cooper deal means for mortgage lenders

The agreed-to merger between Rocket and Mr. Cooper is the first large domino to fall in what is shaping up to be another year of consolidation. Mortgage lenders are still dealing with overcapacity, and in the fourth quarter, swung back to losses on …

Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit

But Judge Matthew Kacsmaryk, the presiding judge for the case in the U.S. District Court for the Northern District of Texas, said that the filing did not include any indication of the government’s position on Conway’s included testimony. Kacsmaryk ordered …

Ginnie Mae MSR holdings shift as Trump policies evolve

Ginnie Mae on Wednesday revealed in a ranking compiled with Recursion how the top holders of mortgage servicing rights shifted in the past year and it has one marked change in the top 10 but still leaves the market concentrated in the hands of a consistent …

Texas Capital fights Ginnie Mae in high-stakes HECM case

Texas Capital Bank is fighting Ginnie Mae's recent request for summary judgment in a lawsuit over its right to Home Equity Conversion Mortgage assets by disputing prior court statements. The bank is taking issue with assertions that initial and …

Protect FHA and Ginnie Mae: Vital agencies, proven success

A top Administration priority is to shrink federal agencies and reduce the federal workforce. At the same time certain high priority areas, like military personnel, are exempt from reductions and agency heads can create exemptions as necessary. As the only …

Texas Capital Bank opposes summary judgment motion in Ginnie Mae suit

That filing also claimed that TCB “no longer has any remaining rights or interests in the property at issue in this case.” This stems from an October 2024 decision by Judge Matthew Kacsmaryk, in which TCB alleged that Ginnie Mae violated the Administrative …

With Ginnie Mae under fire, concern about market disruption is growing

Ginnie Mae has fewer staffers compared to other entities under the purview of the U.S. Department of Housing and Urban Development (HUD), but the company oversees key functions in managing the government’s MBS portfolios totaling roughly $2.7 trillion. “ …

Ginnie Mae, stalwart of mortgage market, squeezed by DOGE

By Emily Flitter | Bloomberg Elon Musk has found yet another target in Washington: Ginnie Mae, a stalwart of the nation’s home mortgage market. This time, Wall Street is pushing back. Lenders and developers are now working their contacts in Washington to …

HMBS 2.0 rollout could be hobbled by reported Ginnie Mae staff cuts

One of Ginnie Mae’s core functions in the reverse mortgage industry is providing liquidity through its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. After challenges caused by a major lender and HMBS issuer’s bankruptcy in 2022, …

Ginnie Mae hit by workforce reduction

Ginnie Mae, an agency nestled inside of the Department of Housing and Urban Development, faced a workforce reduction late last week, along with other personnel cuts across the department. About 25% of the government guarantors workforce has been slashed, …

Ginnie Mae, stalwart of mortgage market, squeezed by DOGE

Roots of Peace Launches Global ‘White Rose for Peace’ Campaign on UN Landmine Awareness Day

Transforming Minefields into Vineyards, Orchards, and Fields of Flowers – “Mines to Vines” Movement Expands Worldwide LONDON, UNITED KINGDOM, April 3, 2025 /⁨EINPresswire.com⁩/ -- Roots of Peace, the global humanitarian nonprofit committed to …

Bloomberg News Again Ranks Jason Schenker Among Top Economists and FX Forecasters in the World in Q1 2025

Bloomberg News Ranked Jason Schenker Among Top Economists and Foreign Exchange Forecasters in the World Through the End of Q1 2025 NEW YORK CITY, NY, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Prestige Economics is excited to share that …

ALABAMA FIREWORKS BUSINESS OWNERS SPEAK OUT ON NEW 55% TARIFF THREATENING LOCAL CELEBRATIONS

DOTHAN, AL, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Contact: Dusty McKinley, CEO Charles McKinley, CFO & Managing Partner Ill Eagle Fireworks & Pyro Productions Inc. Email: charlesm@pyroproductions.com Phone: 866-535- …

Wagner Ethics Attorney a Primary Draftsperson of High-Profile Professionalism Report

Wagner Ethics Attorney a Primary Draftsperson of High-Profile Professionalism Report BOSTON, MA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- In January 2025, the New York State Bar Association released a Report of the NYSBA's …

New Tariffs Reshape the Outdoor Recreation Industry

With skyrocketing costs and supply chains becoming more complex, outdoor enthusiasts face fewer choices and higher prices. SENDY Offers a Resilient Alternative TRUCKEE, CA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- New Tariffs Reshape …

Sagist Group Luxury Furniture Factory Announces Special Customer Appreciation Discount for U.S. Clients

Sagist Group is proud to introduce a 10% Customer Appreciation Discount. - President Donald Trump to impose a 10% additional tariff on Turkish goods. - CA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Sagist Group Luxury Furniture …

K Altman Law Responds to Northampton Special Education Hot Mic Scandal

When schools go to war with parents instead of supporting children with disabilities, K Altman Law stands up—protecting rights, dignity, and education access. DETRIOT, MI, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- K Altman Law, a …

Javier Palomarez Applauds Sen. John Cornyn for Being Recognized as the Most Effective Republican Senator

WASHINGTON DC, DC, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- The United States Hispanic Business Council (USHBC) congratulates Senator John Cornyn (R-TX) for being recognized by the Center for Effective Lawmaking as the most effective Republican …

Jet Card Peak Days Drop To Lowest Level Since 2020 As Overall Private Jet Hourly Flight Rates Increase 0.9% in Q1 2025

Jet Card/Fractional Ownership Buyer's Guide Private Jet Card Comparisons reveals Peak Days, Minimum Charges decreased in Q1 2025 as contracted rates increased MIAMI, FL, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Jet Card Peak …

Inheritance of Crises and Dysfunction

MCLEAN, CO, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Inheritance of Crises and Dysfunction is an insightful exploration of the pressing challenges that the next U.S. administration will face domestically and globally. The book delves …

U.S. Roundtable and Smart City Expo World Congress Expand Global Alliance to Accelerate Urban Innovation

The partnership will highlight U.S. mayoral leadership and innovation, leading to the largest U.S. delegation at the 2025 Expo in Barcelona. NEW YORK, NY, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- The U.S. Roundtable, LLC and Smart City …

Javier Palomarez, USHBC President & CEO, Applauds Bipartisan Push for PBM Reform in the Senate

WASHINGTON DC, DC, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- The United States Hispanic Business Council (USHBC) today announced its strong support for the bipartisan Pharmacy Benefit Manager (PBM) Transparency Act of 2025, introduced by …

National Trans Visibility March Announces Strategic Pivot and Strategy Directors Ahead of NTVM in Washington, D.C.

Impactful. Revolutionary. Collective. The 2025 National Trans Visibility March WASHINGTON, DC, DC, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- The National Trans Visibility March (NTVM) is proud to announce its newly appointed Board of …

TrueComp Unveils New Workforce Insights to Combat Government Hiring Challenges

New Research Highlights the Hidden Costs of Vacancies and the Need for Real-Time Compensation Data WEST HOLLYWOOD, CA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Governments across the country are grappling with significant workforce shortages, …

Transnational Manager for Colombia’s Clan del Golfo Drug Cartel Pleads Guilty to Drug Trafficking Conspiracy

A Colombian national and lieutenant for Clan del Golfo (CDG) pleaded guilty today to conspiring to distribute large quantities of cocaine destined for the United States. According to court documents, Fabian Edilson Torres Caranton, also known as David and …

Chairman Comer Announces Hearing on Rooting Out Illicit Products and Restoring Trust in FDA

WASHINGTON—House Committee on Oversight and Government Reform Chairman James Comer (R-Ky.) today announced a hearing on “Restoring Trust in FDA: Rooting Out Illicit Products.” At the hearing, expert witnesses will testify on the necessary steps to reduce …

Comments Welcome: Proposed Amendments to the Citizen Participation Plan

In accordance with the requirements of 24 CFR 91.105 and 24 CFR Part 5.158, the City of Boston released a draft of a proposed amendment to the Citizen Participation Plan (CPP) for a 30-day public comment period.  The CPP details how the City provides …

CabinetryNews.com: President Trump Signs Reciprocal Tariffs Executive Orders That Will Impact The Cabinetry Industry

Trump signs sweeping reciprocal tariffs order, impacting 60+ countries and key industries, including the top 4 countries manufacturing for the cabinetry sector. NASDAQ (NASDAQ:INDEXNASDAQ: .IXIC) WASHINGTON, DC, UNITED STATES, April 3, 2025 /⁨ …

Fenimore Asset Management Experts Discuss ‘Cost of Timing Market’ for Smart Investment Strategies in New Webcast

Fenimore Asset Management Experts Discuss ‘Cost of Timing Market’ for Smart Investment Strategies in New Policy and Taxation Group Webcast WASHINGTON, DC, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Understanding the dramatic cost of …

Washington State Leadership Board Announces 49th Annual Washington Leadership Award Honorees

OLYMPIA, WA, UNITED STATES, April 2, 2025 /⁨EINPresswire.com⁩/ -- The Washington State Leadership Board (WSLB) is proud to announce the honorees for the 49th Annual Washington Leadership Awards, celebrating extraordinary Washingtonians whose …