Ginnie Mae announced it generated a total issuance was $526.4 billion for its fiscal year 2025, a 7.2% year-over-year increase in the outstanding portfolio. As a result of this issuance total, the agency’s mortgage-backed securities portfolio grew by $190.9 billion to...
The US Senate confirmed President Trump’s nominees Joseph Gormley to become the next president of Ginnie Mae, Frank Cassidy as assistant secretary at the Department of Housing and Urban Development and commissioner of the Federal Housing Administration (FHA), and...
President Trump has nominated Joseph Gormley to become president of Ginnie Mae and Frank Cassidy to become commissioner of the Federal Housing Administration (FHA). Gormley has served as Ginnie Mae’s executive vice president and chief operating officer since April. He...
UWM Plans Up to $80 Billion in Mortgage Servicing Rights Sales as Loan Volu…
