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August 27, 2014

Ginnie Mae Will Sell $5.7 Billion of Taylor Bean MSRs but Not Until Next Year

By Paul Muolo

“BofA did a poor servicing job for us,” said Ginnie Mae President Ted Tozer.

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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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