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Volume 2014 - Number 37

October 2, 2014

Ginnie Scrutinizing Issuer ‘Changes of Control’ More Closely; New Guidance Is on the Way

Ginnie Mae is taking a closer look at change-of-control applications from issuers and servicers, according to investment banking advisors who work in mortgage industry mergers and acquisitions. “Ginnie is toughening up the change-of-control process to keep folks who got their tickets – and don’t use them – from trying to increase the value of their company in an M&A situation,” said one advisor who represents clients before the agency. He noted...

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