Volume 2014 - Number 16
April 25, 2014
Ginnie Mae Holds Up BofA MSR Sale to Nonbank; Agency Cautious About New Players’ Capacity
Ginnie Mae has asked Bank of America to provide missing documents on government insured loan pools after being informed by the MBS custodian that key paperwork is missing from the files. According to industry advisors familiar with the matter, the missing documents are tied to an $8 billion mortgage-servicing sale from BofA to PennyMac. So far, both parties have declined to discuss the matter publicly. One observer noted...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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