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News Headlines - ginnie mae appraisal

FHA, VA Updates; Ginnie Mae Overview
Appraisal Buzz (press release) (registration) (blog)
Ginnie, FHA and VA News Lender updates regarding Texas and Florida are quieting down slightly, so let's play some catch up on government programs. Ginnie Mae will consider potentially misleading marketing practices involving U.S. Department of ...

and more »

Washington Post

Agency warns that questionable refinancings may be costing veterans big money
Washington Post
Officials at the Government National Mortgage Association, better known as Ginnie Mae, say some veterans are being flooded with misleading refi offers and are signing up without assessing the costs and benefits. Some properties are being refinanced ...
Mortgage Firms 'Churning' Refinance Loans to VeteransWall Street Journal

all 3 news articles »

News From NAMB: October 5, 2017
National Mortgage Professional Magazine (blog)
... what we need. The money goes to the Appraisal Subcommittee, of course. ... Earlier this year, Ginnie Mae prevented originators from putting VA IRRLs into a standard Ginnie Mae security until the borrower has made six months of payments. That curbed ...

Lender Appraisal Changes; Freddie and Fannie Updates
Mortgage News Daily
Did you know that FNMA, FHLMC, GNMA and other government agencies own or guarantee approximately 60% of all US mortgages? Dealing with the Agencies is way down the list in terms of Congressional priorities, but to prevent another taxpayer rescue ...

CA Fire Declaration, Lender and Investor Disaster Updates/Resources
Mortgage News Daily
Ginnie Mae posted a press release announcing the exposure to its MBS Portfolio by Hurricanes Harvey, Irma, and Maria. Fannie Mae ... For all other loans in the disaster areas, MGIC is extending the maximum age of credit and appraisal documentation.

and more »

GSF Mortgage Names Frank Papaleo as VP of Retail Sales
EIN News (press release)
... to secure financing. As an added bonus, we will cover the cost of your appraisal when you sign a contract within 30 days of your approval! ... GSF Mortgage is a Fannie Mae and Freddie Mac Direct Lender as well as a Ginnie Mae Issuer. What this ...

National Mortgage News

How Ginnie Mae will aid issuers affected by Hurricane Harvey
National Mortgage News
Ginnie Mae is preparing to give servicing assistance to issuers affected by Hurricane Harvey if more than 5% of their portfolio is in a federal disaster area. "Any Ginnie Mae issuer in need of assistance should contact us as soon as possible so we can ...


Kentucky real estate appraiser gets jail time for lying about appraisals
A former real estate appraiser from Kentucky will spend the next 10 months in either prison or home confinement after admitting in court that he lied on federal appraisal forms and used unlicensed individuals to do his work for him. According to the U ...


The End of an Era: Tozer Talks
Tozer was appointed President of Ginnie Mae, the HUD agency that brings capital to government-funded lending programs like FHA, VA, and RHA, by President Barack Obama in 2009 and confirmed by the Senate in early 2010. He stepped down from the office in ...


Louisiana asks FTC to pause regulatory action while state repeals controversial appraisal laws
The state of Louisiana may have taken action to directly respond to the Federal Trade Commission's claim that the regulatory body that oversees property appraisals in the state stifled price competition by requiring appraisal management companies to ...

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