Ginnie Mae’s Guidelines to a Healthy Mortgage Market

first_img  Print This Post Home / Daily Dose / Ginnie Mae’s Guidelines to a Healthy Mortgage Market Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles About Author: Donna Joseph in Daily Dose, Featured, Government, Media, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Ginnie Mae’s Guidelines to a Healthy Mortgage Market Sign up for DS News Daily Ginnie Mae Michael Bright Mortgage Market Mortgage-Backed Securities 2018-11-16 Donna Joseph The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Built Technologies Appoints New SVP of Revenue Next: Rebuilding Puerto Rico Share Save Tagged with: Ginnie Mae Michael Bright Mortgage Market Mortgage-Backed Securities November 16, 2018 2,400 Views In an attempt to strengthen and safeguard the mortgage-backed securities market, Ginnie Mae released a new All Participants Memorandum (APM 18-07) with guidelines and steps the agency will undertake to evaluate the credit strength of new Issuers, implements new notification requirements for issuers engaged in certain subservicer advance or servicing income agreements. The APM 18-07 also codifies the company’s ability to impose additional financial or operational requirements on program participants when warranted by market conditions. “These enhancements add to the factors Ginnie Mae will consider as we keep pace with an evolving mortgage market, protect taxpayers, and ensure that important differences in risk among issuers and servicers are properly accounted for,” said Michael Bright Ginnie Mae EVP and COO. “Our goal continues to be the assurance of a safe and sound program as well as a healthy mortgage-backed security.”Per the APM 18-07, in order to monitor risks, the agency will require servicers to notify Ginnie Mae if any arrangements are made to finance Ginnie MSRs. The memorandum also modifies application requirements for new issuers so that applicants who would immediately appear on Ginnie Mae’s internal financial conditions watchlist are not approved as Ginnie Mae issuers.Additionally, APM 18-07 clarifies Ginnie Mae’s authority to require supplemental financial or operating requirements before certain issuers are granted additional commitment authority.There are nearly 400 approved issuers of Ginnie Mae MBS. As of Sept. 30, more than $2.008 trillion of Ginnie Mae MBS were outstanding, comprised of more than 11 million loans. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img

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