The Mortgage Bankers Association shared recommendations and concerns with Ginnie Mae regarding proposed changes to eligibility requirements for single-family mortgage-backed security issuers.
Tag: Michael Drayne
Ginnie Mae to Add 40-Year Securitizations
Ginnie Mae announced creation of a new pool type to support securitization of modified loans with terms up to 40 years.
#MBAIMB20: Housing Finance Reform—What It Means for Independent Mortgage Banks
NEW ORLEANS—After years of debate, housing finance reform is no longer a far-off concept. And government housing agencies appear poised to be part of the transition.
MBA Advocacy Update
Last week, Consumer Financial Protection Bureau Director Kathy Kraninger gave her semi-annual report before the House Financial Services Committee and the Senate Banking Committee. And the Financial Accounting Standards Board announced that it will delay the implementation date of the Current Expected Credit Loss standard for small public companies and private companies.