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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans.

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Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio

Housing Wire

This includes an increase to its 2025 budget authority that, in part, will go toward management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. According to HUD’s congressional justifications for the 2025 budget request, it is seeking $67 million for Ginnie Mae, an increase of $24.6

Mortgage 347
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Let’s All Build the Gallows Together

Appraiserblogs

Fannie Mae and Freddie Mac have issued a clarion call to all appraisers to pitch in and help build the gallows from which they will hang us all in 2025. I can hear the chorus of my fellow appraisers rising up… Fannie Mae Filed a Complaint Against Me An appraiser shared the following with us which was posted on one of the appraisers’ groups.

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Sagent unveils new servicing platform

Housing Wire

“What we did was we effectively prepared the ground of a completely new cloud-based platform using modern technology, using AI workflow automation,” Sagent chief technology officer Uday Devalla said in an interview. Mr. Cooper is the first client in the platform, with the expectation of full implementation early in 2025.

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FOA records loss in Q1 but remains confident about improving profitability

Housing Wire

Modernizing the company’s digital capabilities is also a priority, she said, and there has been interest in the company’s wholesale partnerships program from “traditional mortgage lenders and servicers,” with a focus on FOA’s proprietary second-lien product within the “HomeSafe” product catalog.

Finance 354
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FHA delays mandatory use date for FHA Catalyst appraisal submission

Housing Wire

In February , Lopa Kolluri, principal deputy assistant secretary at the FHA, acknowledged the delays, but said that the administration is back on track with their modernization initiative. “I I feel really good about where we are with FHA Catalyst,” she told HousingWire.

Appraisal 294
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Bank regulators release plan to increase capital requirements for mortgage lending

Housing Wire

The proposal would include a three-year transition period beginning July 1, 2025. But one alternative worth exploring is to extend the modernized Basel III to all banks. Insured depository institutions would face an estimated 9% increase, including regional lenders. Community banks would not be impacted.

Lending 341