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Bonnie Sinnock

Recent Stories From this Author

Audit Slams Ginnie Mae for Accounting Lapses in Failed TBW Loans
February 27, 2015 An audit of Ginnie Mae financials identified four "material weaknesses" and one "significant deficiency," primarily related to...

Reverse Mortgage Relief Costly for Industry, Dubious for Consumer
February 3, 2015 The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers...

Reverse Mortgage Spouses Get Another Break, But Strings Attached
January 28, 2015 The government has added further protections to reverse mortgage borrowers' spouses who are not named in the loan agreement,...

Plans to Use Eminent Domain on Mortgages Stall, But Concerns Remain
December 8, 2014 With some proposals still outstanding, mortgage bond market participants are concerned that eminent domain attempts would...

HUD's Intervention in Reverse-Mortgage Case a Step Toward Reform
December 5, 2014 The Department of Housing and Urban Development's support for the widow of a home equity conversion mortgage borrower has...

Vicki Beal, 'Face of Due Diligence' in RMBS, Dies at 62
December 3, 2014 Beal was a senior vice president in transaction management at Clayton Holdings and an advocate for tougher due diligence in...

New Efforts at Housing Counseling Revive Debate About Its Value
December 2, 2014 Initiatives meant to increase access to credit have rekindled the debate over whether housing counseling is the best and most...

HECM Non-Borrowing Spouses Renew Class Certification Attempts
November 17, 2014 Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class...

Altisource Shuts Force-Placed Insurance Unit
November 12, 2014 The company cited uncertainties with industrywide litigation and the regulatory environment in the move. In August, a New York...

Five Reasons Why Fannie Mae is Ready to Bring Back 3% Down Payments
November 10, 2014 Fannie Mae executives are confident they can responsibly administer a new 3% down payment program to ensure it's an effective...

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