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 Ginnies presentation was provided to Inside Mortgage Finance. Advisory sources said...[Includes one data chart]
Subscribers to Inside Mortgage Finance have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.
Subscriber Log In
If you are a current subscriber or already purchased this article, please login below.
A weekly "must read" for industry executives. Thoroughly covers regulatory, political, legislative and market issues in the residential mortgage business.
You can purchase this article for $230.00 without subscribing and always have access to it on insidemortgagefinance.com.
Please contact Customer Service if you need assistance: 1-800-570-5744