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August 14, 2014

Sources: PHH Selling $3.8 Billion in Ginnie MSRs, IMA Out With a New Deal Too

By Paul Muolo

One bidder who has looked at the Ginnie MSR package from PHH described it as “seasoned with some delinquencies in it.”

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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