Why Ginnie Mae Plans to Stress-Test Its Issuers
National Mortgage News, May 22, 2016–Sinnock, Bonnie
Ginnie Mae wants go one step further in its monitoring of issuers’ operations. It plans to model how the liquidity of companies that issue its mortgage-backed securities would look under stress, so it can troubleshoot more effectively. Mortgage bankers have been working to help Ginnie address the resource management concern and they are open to the idea of stress tests, said MBA President and CEO David Stevens.
