Former exec from HUD’s Ginnie Mae program joins Ainsworth Advisors

Disparity narrows between perceived and actual home values October 10, 2017 – Gap Between Owner and Appraiser Opinions of Home Values Narrows for Fourth Straight Month Home values rose 0.44% nationally in September, with a 3.38% year-over-year increase, according to the Quicken Loans HVI.

Several mortgage industry veterans with ties to the reverse mortgage market joined corporate consultancy Ainsworth Advisors’ team this month. Among the new additions to Ainsworth’s panel of consultants are Marc Helm, former Reverse Mortgage Solutions, Inc. president and CEO, former ginnie mae president joseph murin.

MGIC beats expectations, but new insurance written underwhelms mgic beats expectations, but new insurance written underwhelms MGIC Investment Corp. posted better-than-expected first-quarter earnings as expenses were lower than projected while net premiums came in higher.Rising rates stifle mortgage application volume Ginnie Mae must balance supervision with the scope of servicers’ risk Our basic belief remains that permanently accepting the pool-level status quo carries too great a risk of relegating the Ginnie Mae platform to second-class status behind the G-S-Es. And that could be detrimental to our mission and the missions of the federal housing programs we serve and support.Total mortgage application volume rose 0.6% on a seasonally adjusted basis from the previous week. Volume was nearly 14 percent lower compared with the same week one year ago, according to the Mortgage Bankers Association, when lower interest rates sparked a refinance boom.

Former exec from HUD’s Ginnie Mae program joins Ainsworth Advisors | National Mortgage News Others joining Ainsworth include Marc Helm, the former president and CEO of Reverse Mortgage Solutions, and attorney mitch kider, managing partner at weiner brodsky kider pc.

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Fannie Mae produced an automated underwriting system (AUS) tool called Desktop Underwriter (DU) which lenders can use to automatically determine if a loan is conforming; Fannie Mae followed this program up in 2004 with Custom DU, which allows lenders to set custom underwriting rules to handle nonconforming loans as well.

And what does the future hold for Fannie Mae, Ginnie Mae and Freddie Mac? Fannie Mae: Federal National Mortgage Association. From 1938 until 1968, Fannie Mae (FNMA) was the only institution buying mortgages from banks and savings and loan associations. In 1968, Fannie Mae spun off Ginnie Mae to a publicly-funded insurance corporation.

Ginnie Mae does not purchase loans or MBS* Ginnie Mae does not issue or sell MBS* Lenders/Servicers . Does not originate loans or provide financing for other lenders . Does not service loans, with the exception of seized portfolios *Under the Multiclass program, Ginnie Mae does momentarily acquire and subsequently Issue MBS comprised of other.

Michael Bright is the executive vice president and chief operations officer at Ginnie Mae. Prior to HUD Mr. Bright was director of financial markets for the Milken Institute’s Center for Financial Markets. Maren Kasper is Ginnie Mae’s executive vice president, having previously served as senior advisor in the Office of the Secretary.

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Walter Investment Management Corp. (the “Company”) entered into confidentiality. with the investment manager, sub-advisor or persons acting in similar capacities for certain members of a group (the.