News & Analysis as of

Mortgage-Backed Securities Ginnie Mae HECM

Orrick, Herrington & Sutcliffe LLP

District Court rules in favor of Ginnie Mae in case involving extinguishment of liens

On October 18, the U.S. District Court for the Northern District of Texas denied a motion for partial summary judgment filed by the plaintiff, a bank, against Ginnie Mae. The dispute centered on Ginnie Mae’s extinguishment of...more

Orrick, Herrington & Sutcliffe LLP

Ginnie Mae to explore a new reverse MBS

On January 16, Ginnie Mae announced its plans to consider the development of a new securitization product in connection with broader efforts to expand its existing Home Equity Conversion Mortgage (HECM) mortgage-backed...more

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