McCargo Sworn In As Ginnie Mae President
Ginnie Mae begins 2022 with a historic milestone: its first confirmed president in nearly five years, and the first female president in its history.
Source: nationalmortgageprofessional.com
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McCargo Confirmed by Senate as Ginnie Mae President - Reverse Mortgage Daily
Edited by Chris Clow and the HousingWire Newsroom, RMD provides dedicated reverse mortgage news, insights and commentary.
Source: reversemortgagedaily.com
Ginnie Mae has first Senate-confirmed leader in nearly 5 years
HUD official Alanna McCargo takes over the top job at the government corporation, which has had a series of acting leaders since 2017.
Source: nationalmortgagenews.com
Ginnie Mae has first Senate-confirmed leader in nearly 5 years
HUD official Alanna McCargo takes over the top job at the government corporation, which has had a series of acting leaders since 2017.
Source: americanbanker.com
Nonbank lenders balk at Ginnie Mae capital plan
REGISTER NOW A Ginnie Mae proposal to introduce a risk-based capital requirement for nonbanks has sparked an outcry from mortgage lenders that originate the vast majority of loans to first-time homebuyers and minorities. Ginnie issued a request for input in early July on a plan that would impose added net worth and liquidity requirements for all issuers. It would also subject nonbank lenders to a 10% risk-based capital ratio with a risk weight of 250% for mortgage servicing rights — dramatically higher than the calculation for other assets. State and federal regulators have sought for year...
Source: americanbanker.com