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January 15, 2014

Ginnie Mae Servicing Transfers (Sales) Surge 338 Percent

By Paul Muolo

Talk about red hot! Sales of Ginnie Mae mortgage servicing rights soared in fiscal 2013, Inside Mortgage Finance has learned.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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