With Ginnie Mae under fire, concern about market disruption is growing
Ginnie Mae is a target of DOGE, but housing companies are pushing back according to reporting from Bloomberg.
HMBS
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HMBS 2.0 rollout could be hobbled by reported Ginnie Mae staff cuts
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.”
HECM endorsements, HMBS issuance see relatively little movement to start 2025
HECM endorsements increased by less than 1% from December to January, while HMBS issuance is historically low but still healthy.
Judge grants delay in TCB suit against Ginnie Mae as government seeks summary judgment
The government seeks summary judgment, saying that a prior ruling from the presiding judge is ‘fatal’ to TCB’s remaining claims.
What will happen to HMBS 2.0 under Trump’s regulatory freeze?
HMBS 2.0 could make a big difference for reverse mortgage securities issuers, but a lack of concrete information leaves an implementation timeline unclear.
Reverse mortgage performance metrics end 2024 on a mixed note
HECM endorsements saw a jump in December, but HMBS issuance ended 2024 on a low note, making for a topsy-turvy month of performance data.
Ginnie Mae annual report touts HMBS 2.0 work as commitment to reverse mortgage space
In its year-end financial report, Ginnie Mae said its work on HMBS 2.0 demonstrates its commitment to the reverse mortgage industry.
New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’
A new MBA proposal for a Ginnie Mae securities product could be taking inspiration from recent actions in the reverse mortgage business.
Reverse mortgage metrics show little movement in November
While there has been something of a “yo-yo” of gains and losses in the reverse mortgage industry’s performance metrics for the past several months, some mixed signals on the horizon — such as higher interest rates that could depress origination volumes along with the potential implementation of HMBS 2.0 — leave 2024 winding down in an active way for the business.
Could the Trump transition delay some reverse mortgage policy decisions?
Ginnie Mae has shown speed in its work on HMBS 2.0, but the election could mean its arrival is beyond the control of current housing leaders.