Michael Fratantoni, chief economist for the Mortgage Bankers Association, told me "it absolutely impacts interest rates" adversely when investors cut the prices they'll pay for Ginnie Mae
The senator asked Ginnie Mae
Acting President Michael Bright whether he believed any Ginnie Mae
-approved companies are improperly taking advantage of VA refinancing programs, and if so, what the impact has been on taxpayers and what steps Ginnie Mae
intends to take to address the issue.
securities might be considered the "safe option" for retirement investing.
In addition to China, Ginnie Mae
has met with housing finance representatives from Japan, South Korea, Russia, Thailand and Taiwan in recent years.
NASDAQ: BOFI), has said that it has been approved as a Ginnie Mae
Some have suggested that a model such as that employed by Ginnie Mae
(a wholly owned government corporation, in contrast to a GSE) be considered for the GSEs.
GSF's stability and expertise originating FHA, VA and USDA loans has allowed the company to meet the high standards of Ginnie Mae
and become eligible for the privilege of becoming a direct servicer.
, or the Government National Mortgage Association, was established by the US Congress to promote home ownership.
GWN, founded by its current president Karen Garner, is engaged in FHA compliance and FHA lender and Ginnie Mae
issuer approvals, risk and claims management as well as quality control plan review, implementation and analysis.
Despite its declining share of the overall MBS market, Ginnie Mae
continues to serve its key public policy goal of providing a strong secondary market outlet for federally insured and guaranteed housing loans.
This allows Ginnie Mae
investors to assume the role of mortgage lenders without any of the risks.
Under the bill Ginnie Mae
would be able to guarantee securities backed by conventional mortgages that carry primary, extended and supplemental mortgage insurance.