MBASecondary23: The Future of Financial Stability

NEW YORK—What issues are affecting the financial markets? Here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo, panelists said much of the future depends on what happens—or doesn’t happen—in Washington, D.C. over the next year or so.

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.