KBRA assigned a rating to a new series of servicing-related term notes from a master trust issuer at Freedom Mortgage this week in line in a Ginnie Mae market that’s drawing more focus. The series 2024-SAT1 notes from FMC GMSR issuer trust are backed by certificates that represent participation interests in Ginnie Mae mortgage servicing
As part of the budget request submitted to Congress by President Joe Biden and the White House, the U.S. Department of Housing and Urban Development (HUD) detailed some of its hopes for Ginnie Mae. This includes an increase to its 2025 budget authority that, in part, will go toward management of the Home Equity Conversion
Ginnie Mae on Monday announced that it has addressed a technical issue that had affected a portion of the single-family issuer operational performance profile. The prepayment field, which had been displaying outdated information, is something mortgage companies that issue the mortgage-backed securities that Ginnie guarantees can expect to see updated information on it in the