Sam Valverde News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 their current vendors to see if pennies or dollars could be saved on every loan given the current $12k&#...

Industry reacts to the announcement