Securitization

Ginnie Mae has restricted loanDepot's ability to securitize Veterans Affairs mortgages because of apparent churning of recent originations.

A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

On Sep. 30, 2018. Dollars in thousands.

Michael Bright is resigning as acting president of Ginnie Mae to run the Structured Finance Industry Group, a trade association that's been without a CEO since Richard Johns resigned in July amid a reported split with the group's board.

Acting Ginnie Mae President Michael Bright will leave his post on Jan. 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.

On Sep. 30, 2018. Dollars in thousands.

After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.

Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.

UBS Group sold tens of billions of dollars' worth of residential mortgage-backed securities by "knowingly and repeatedly" making false and fraudulent statements to investors about the loans backing those trusts, the U.S. Justice Department said in a civil suit filed Thursday.