Sam Valverde News Today

The industry has waited for news on "HMBS 2.0," which Ginnie Mae's Sam Valverde delivered at a reverse mortgage event in Washington, D.C.

Todman said HUD will soon double the fee servicers can charge for processing, underwriting, and closing a transaction that includes a loan assumption.

The move may help address nonbank liquidity risks highlighted in a recent FSOC report, Sam Valverde, acting president, told attendees at an industry meeting.

When I was a kid, whenever I would walk by a pay phone or newspaper vending machine, I’d check the coin change slot. Or periodically check under my Dad’s La-Z-Boy… every penny or dollar counted! (Nowadays, I still get excited when I find a forgotten quarter in my own pants or backpack.) Plenty of folks at last week’s Great River Conference were trying to do the modern equivalent of that by learning about the current vendor offerings of technology, or meeting with thei...

Industry reacts to the announcement

Ginnie Mae unveiled significant revisions to its monthly single-family reporting protocols as it seeks to stay vigiliant on delinquent loans.

Alanna McCargo announced her resignation from the top post at Ginnie Mae effective May 3.

The new HMBS disclosure stems from "increased investor interest in greater transparency into Ginnie Mae mortgages in pools."

TCB attorneys say that the government's attempts to dismiss their complaint in its entirety should be rejected, according to a court filing.

Recent cyberattacks at mortgage companies have put the industry in alert mode, lending executives and tech leaders say.