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HUD issues Mortgagee Letter regarding Project Lifeline, FHA foreclosure timeframes

National Mortgage Professional
Jan 25, 2009

Ginnie Mae MBS issuance reaches $24 billion: Government corporation continues to provide stability to the marketMortgagePress.comGinnie Mae, Government National Mortgage Association, Mortgage-Backed Securities, MBS, Joseph J. Murin The Government National Mortgage Association (Ginnie Mae) has announced that issuances for its Mortgage-Backed Securities (MBS) program hit $24 billion in December 2008. For calendar year 2008, Ginnie Mae MBS issuances stand near $270 billion, compared to $97 billion for calendar year 2007. While California led in this month's issuance, the total issuance of $24 billion was comprised of: • $6.1 billion from the West • $4.2 billion from the Midwest • $5.1 billion from the Mid-Atlantic • $7.5 billion from the South • $1.1 billion from the Southwest "Even during tough economic times, consumers need mortgages, lenders need liquidity for those mortgages and investors need a safe harbor for their investments," said Joseph J. Murin, president of Ginnie Mae. "Ginnie Mae is proud to be that safe harbor. We are continuing to do our part to help rebuild the housing market and housing finance industry that is so vital to our nation's economy." For more information, visit www.ginniemae.gov.
Published
Jan 25, 2009
Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
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Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
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Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

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First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

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The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Reverse
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loanDepot Wholesale Upgrades mello Broker Portal

loanDepot Wholesale will introduce new upgrades to its mello®Broker Portal to further streamline the closing process for brokers and settlement agents.

Tech
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