Mortgage industry experts, including the Mortgage Bankers Association (MBA) and the National Reverse Mortgage Lenders Association (NRMLA), are advocating for the full funding of Ginnie Mae in the upcoming fiscal year budget. The coalition of trade groups is pushing Congress to allocate adequate resources to support Ginnie Mae’s operations and ensure the stability of the housing market.
Key points:
– MBA and NRMLA are part of a coalition of trade groups advocating for Ginnie Mae funding
– Congress is being urged to approve full funding for Ginnie Mae in FY 2025 budget
– Adequate funding for Ginnie Mae is critical for the stability of the housing market
– The coalition of trade groups is emphasizing the importance of supporting Ginnie Mae’s operations.
You can read this full article at: https://www.housingwire.com/articles/reverse-forward-mortgage-associations-urge-full-funding-for-ginnie-mae/(subscription required)
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