How acting Ginnie Mae chief is trying to get to the bottom of VA refis

The initial survey conducted in September shows increased government regulations are forcing the industry to tighten credit availability and are making it tougher for potential home buyers to get loans. Further, the Collingwood Group mortgage industry outlook report suggests all this is having a strong impact on businesses’ bottom lines.

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How acting Ginnie Mae chief is trying to get to the bottom of VA refis Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures.

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Now, a bill is making its way through the U.S. legislative process that would require Ginnie Mae and Fannie Mae to consider credit scores beyond FICO. Although these proposals are focused on mortgages, one can infer that alternatives to FICO are welcome across the board, including consumer loans.

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How acting Ginnie Mae chief is trying to get to the bottom of VA refis By Bonnie Sinnock americanbanker.com – Soon after acting Ginnie Mae Acting President Maren Kasper took the helm of the agency in January, she and other officials decided to step up efforts to address the issue of faster prepayments for loans backed by the Department of.

How acting Ginnie Mae chief is trying to get to the bottom of VA refis May 21, 2019 Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures.

Fannie Mae also has tweaked its underwriting guidelines due to concerns about layered risks and higher DTIs. DTIs above 50% are considered extremely high. A DTI of 43% or lower is needed to meet the.

Last in line are the guarantee agencies, Ginnie Mae and the so-called government sponsored enterprises (GSE) Fannie Mae and Freddie Mac. They assure timely payment to the ultimate investors who own the rights to the mortgage loan cash flows.

How acting Ginnie Mae chief is trying to get to the bottom of VA refis 05/21/19 Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures.

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