Ginnie Mae to Issuers: We Want More Data, Not More Cash
National Mortgage News, Sept. 29, 2015–Collins, Brian; Kilgore, Austin
Ginnie Mae’s plans to beef up oversight in response to the growth of nonbank issuers in its ranks will emphasize deeper analysis of firms’ capital and liquidity positions. But the notion that any heightened requirements would include an increase to the dollar amount of issuers’ capital and liquidity reserves, or that the requirements would be applied only to nonbank issuers, was met with resistance by David Stevens, president and CEO of the Mortgage Bankers Association.
