Volume 2014 - Number 32
August 15, 2014
Trade Groups Raise Issues Related to GNMA’s Plan to Shift to Single MBS, Agree on Some, Differ on Others
Though mortgage securitizers, issuers, lenders and servicers support a proposal to consolidate Ginnie Mae’s two MBS program into a single security, certain specific issues appeared to divide them. In a recent joint letter to Ginnie Mae, the Securities Industry and Financial Markets Association and the Mortgage Bankers Association said many of their members agree on a number of the issues raised by the proposal, but in some cases disagree on the solutions. “It is clear that further discussion is warranted, and direct engagement with key stakeholders should be beneficial,” the trade groups suggested. Both industry groups were responding...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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