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Ginnie Mae

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GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

May 23, 2025 by bp56691
GoodLife has launched a retail reverse mortgage division and is seeking out reverse mortgage professionals for it, the company announced.
Categories Ginnie Mae, Goodlife Home Loans, HECM, HMBS, HWmember, Retail Lending, Reverse

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

May 13, 2025 by bp56691
The suit between Texas Capital Bank and Ginnie Mae has been revived after the bank filed an appeal this week with the Fifth Circuit.
Categories FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

NRMLA co-chairs offer industry advocacy update

April 29, 2025 by bp56691
NRMLA co-chairs offer industry advocacy update
Reverse mortgage industry leaders offer a look at the advocacy work the trade association has engaged in so far in 2025.
Categories FHA, Ginnie Mae, House of Representatives, HWmember, NRMLA, Reverse, Senate

Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank

April 3, 2025 by bp56691
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.
Categories Ginnie Mae, HECM, HMBS, HUD, HWmember, Lawsuit, Legal, Reverse, Texas, Texas Capital Bank

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

February 27, 2025 by bp56691
The bank enlisted a former FOA executive to offer an expert report, but the judge says he needs to know the government’s perspective on it before moving ahead.
Categories Ginnie Mae, HECM, HMBS, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

Texas Capital Bank opposes summary judgment motion in Ginnie Mae suit

February 24, 2025 by bp56691
TCB says that granting the government a summary judgment in its lawsuit against Ginnie Mae would be based on on an “incorrect” idea.
Categories Ginnie Mae, HMBS, HUD, HWmember, Legal, Reverse, Texas, Texas Capital Bank

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

February 21, 2025 by bp56691
Ginnie Mae is a target of DOGE, but housing companies are pushing back according to reporting from Bloomberg.
Categories Ginnie Mae, HMBS, HUD, HWmember, Mortgage, Secondary market, Servicing

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

February 19, 2025 by bp56691
A former official said that layoffs at Ginnie Mae could delay or table certain programs like HMBS 2.0, but a source familiar with HUD’s plans disputed any “drastic staffing cuts.”
Categories FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, Reverse

Could government funding scrutiny come for reverse mortgage programs?

February 12, 2025 by bp56691
Reverse mortgage programs have performed well recently, according to HUD reports, but the Trump administration is bringing added scrutiny.
Categories Elon Musk, FHA, Ginnie Mae, Government Lending, HUD, HWmember, Regulatory, Reverse, Scott Turner, Trump Administration

What awaits new HUD Secretary Scott Turner?

February 5, 2025 by bp56691
What awaits the new HUD Secretary, Scott Turner, President Trump’s former White House Opportunity Zone czar and NFL star?
Categories Fair Housing, FHA, Ginnie Mae, Housing Market, HUD, Manufactured Housing
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