Seth Sprague Presented with CMB Society’s Rosser Lifetime Achievement Award

PHILADELPHIA–The Certified Mortgage Banker Society presented Seth Sprague, CMB®, Director of Mortgage Banking Consulting Services at Richey May, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award here at the Mortgage Bankers Association’s 2023 Annual Convention & Expo.

Seth Sprague Presented with CMB Society’s Rosser Lifetime Achievement Award

PHILADELPHIA–The Certified Mortgage Banker Society presented Seth Sprague, CMB®, Director of Mortgage Banking Consulting Services at Richey May, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award here at the Mortgage Bankers Association’s 2023 Annual Convention & Expo.

Seth Sprague, CMB, of Richey May: Now’s the Time to Prepare for FHFA/Ginnie Mae Rules Changes for Non-Bank Servicers

On August 17, 2022, the Federal Housing Finance Agency and Ginnie Mae jointly announced updated minimum financial eligibility and capital rules for seller/servicers and issuers. These changes update the capital and financial eligibility requirements for non-bank servicers that have been modified over the past year. Understanding the new requirements is critical for seller/servicers and issuers to maintain compliance; however, these changes also raise potential strategic and operational challenges in the future.

Seth Sprague, CMB, of Richey May: Now’s the Time to Prepare for FHFA/Ginnie Mae Rules Changes for Non-Bank Servicers

On August 17, 2022, the Federal Housing Finance Agency and Ginnie Mae jointly announced updated minimum financial eligibility and capital rules for seller/servicers and issuers. These changes update the capital and financial eligibility requirements for non-bank servicers that have been modified over the past year. Understanding the new requirements is critical for seller/servicers and issuers to maintain compliance; however, these changes also raise potential strategic and operational challenges in the future.

Seth Sprague, CMB, of Richey May: Now’s the Time to Prepare for FHFA/Ginnie Mae Rules Changes for Non-Bank Servicers

On August 17, 2022, the Federal Housing Finance Agency and Ginnie Mae jointly announced updated minimum financial eligibility and capital rules for seller/servicers and issuers. These changes update the capital and financial eligibility requirements for non-bank servicers that have been modified over the past year. Understanding the new requirements is critical for seller/servicers and issuers to maintain compliance; however, these changes also raise potential strategic and operational challenges in the future.

MBA Premier Member Profile: Richey May

Richey May & Co., Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Their diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, its specialized approach allows it to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.

MBA Premier Member Profile: Richey May

Richey May, Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Our diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, our specialized approach allows us to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.

MBA Premier Member Profile: Richey May

Richey May, Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Our diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, our specialized approach allows us to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.

MBA Premier Member Profile: Richey May

Richey May, Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Our diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, our specialized approach allows us to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.