Ginnie Mae warns against repeated refinancing

Although many lenders continue to advocate the apparent benefits of refinancing on a mortgage, Ginnie Mae has come out with advice to the contrary, suggesting that repeated refinances could actually be harmful to many borrowers and investors. Ginnie Mae, which is a government-backed entity similar to Fannie Mae and Freddie Mac with a focus on

Read More »

Ginnie Mae planning major overhaul of its IT systems

The Government National Mortgage Association, also known as Ginnie Mae, has said it’s planning to give its internal computer systems a big makeover, with the modernization set to be completed by 2020.

Who’s Right in the Mortgage Industry?

There are at least three separate positions on the direction the mortgage industry is going but probably more. Federal agencies have one, traditional banks have another, and nonbank lenders still another. Of course, individual agencies, banks, and nonbanks each have their own take on the issues. Traditional Banks Pull Back Big Time At the heart

Read More »

Is Uncle Sam Helping The Housing Market, Or Merely Finishing It Off?

According to the May 2012 Issue of FHA Watch, Uncle Sam is now a totally dominant force in home mortgage financing, along with other major sectors of the U.S. economy. But the question is, is this a help or a hindrance?

RealtyBizNews: Real Estate Marketing & Beyond