Ginnie Mae must balance supervision with the scope of servicers’ risk

The difference in scope gives Ginnie Mae a heightened sensitivity to the health and liquidity of the overall market for agency MSRs where its risk is concentrated in its counterparties’ success or.

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Ginnie Mae should not overreact in supervising smaller, more diversified mortgage bankers, but rather scale its approach in line with the concentration of risk that different-sized servicers pose.

Op-ed: Ginnie Mae must balance supervision with the scope of servicers’ risk. Posted on May 3, 2019 by scottolson. By Scott Olson. This Op-ed appeared in National Mortgage News on.

Ginnie Mae does not buy or sell loans or issue MBS’s, but instead guarantees that investors receive timely interest payments on MBS’s that are backed by federally insured or guaranteed loans. TRUE When Fannie Mae was reorganized in 1954 to include financing by private investors, mortgage loans could be purchased at

This risk is binary for the parties at interest and can be particularly significant in the case of non-bank lenders and loan servicers ("seller/servicers"), because as asset managers for loans owned by third parties, the MSR frequently is the only significant asset on the company’s balance sheet.

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