Ginnie Mae revises definition of high-balance loans in new guidance

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13.“Under the new definition,
Read MoreNashville breaks into list of top migration destinations for first time since 2021: Redfin

For the first time since 2021 when Americans relocated in droves, Nashville once again is a top migration destination, according to a new report from Redfin.Nashville, also known as Music City, is No. 9 on the list of the most popular destinations for homebuyers looking to relocate to a new metro ar
Read MoreMBA names Rachel Kelley legislative affairs VP

The Mortgage Bankers Association (MBA) has appointed Rachel Kelley as vice president of legislative affairs.In her new role, Kelley will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on Republican members of the United States
Read MoreEncompass by ICE Mortgage Technology helps lenders maximize production volume

Assessing key performance indicators and operations during current industry headwinds is a great way for mortgage lenders to set themselves up for success now and in the future. In particular, lenders should take a look at their loan origination system (LOS), as the LOS they use plays a critical rol
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