Q&A with Ginnie Mae chief Michael Bright

Ginnie Mae, which oversees more than $2tr of US residential mortgages, has grappled with a prolonged cycle of ‘loan churning’ of Veterans Affairs loans, the steady unwind of the Federal Reserve’s balance sheet and a challenging mortgage finance market in the past year. GlobalCapital’s Alexander Saeedy connected with Ginnie Mae COO Michael Bright to discuss what lies ahead for the agency in 2019.

  • By Alexander Saeedy
  • 08 Jan 2019

GlobalCapital: What trends are you seeing in Federal Housing Agency and Veterans Affairs loan underwriting?

Michael Bright, Ginnie Mae: For sure, in FHA underwriting, we’re seeing debt-to-income (DTI) ratios go up as incomes have been stagnant and home prices continue to climb. That first rung of housing affordability ...

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