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Volume 2014 - Number 2

January 16, 2014

Downloads Available: Big Swings in GNMA Servicing


Slammed by a Mountain of Servicing Transfers, Ginnie Wants to Triple the Time Needed to Approve MSR Sales

Ginnie Mae is telling sellers of mortgage servicing rights – and their advisors – that it wants upwards of 90 days to approve MSR transfers compared to just 30 currently. The agency gave seller/servicers a heads-up on the longer approval times in late November at an “education summit” in Washington attended by both new and existing issuers. A copy of Ginnie’s presentation was provided to Inside Mortgage Finance. Advisory sources said...[Includes one data chart]

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