Ginnie Mae, the agency that guarantees mortgages made by various government institutions, is taking unprecedented steps to address concerns over the role of nonbank lenders in U.S. housing markets. For the first time in years, the agency has asked a number of these lenders to improve financial metrics before receiving full approval to continue issuing Ginnie-backed mortgage bonds. Maren Kasper, who became the agency’s acting head this month, declined to name the specific firms but […]
source https://therealdeal.com/2019/01/29/ginnie-mae-ramps-up-scrutiny-of-nonbank-mortgage-lenders/
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