Rumors of large-scale staffing cuts at Ginnie Mae are spooking Wall Street and the housing industry, who fear potential repercussions to the mortgage-backed securities market. HousingWire’s ...

The organizations play a critical role in our economy, providing affordable single family mortgage loans to enable ...

Ginnie Mae, a $2.7 trillion stalwart of the US home mortgage market, is the latest Washington agency targeted by Elon Musk. Over the past week, as much as a quarter of the agency’s 270-or-so ...

Over the past week, as much as a quarter of Ginnie Mae’s 270 employees have either resigned or been dismissed by Elon Musk’s Department of Government Efficiency, Emily Flitter of Bloomberg ...

The departures have left a gaping hole in Ginnie Mae, founded in 1968 to make housing more affordable by allowing banks to bundle mortgages into government-guaranteed bonds, thereby reducing the loan ...

This stems from an October 2024 decision by Judge Matthew Kacsmaryk, in which TCB alleged that Ginnie Mae violated the Administrative Procedures Act (APA) by extinguishing its first-priority liens ...

Elon Musk has found yet another target in Washington: Ginnie Mae, a stalwart of the nation’s home mortgage market. This time, Wall Street is pushing back. Lenders and developers are now working ...