Will Ginnie’s New ‘Acknowledgement Agreement’ Bring Relief to Nonbanks, Financiers and the Agency Itself?
October 27, 2016
Late this week or early next, Ginnie Mae is expected to release a new and improved acknowledgement agreement, a move intended to allow nonbanks to borrow more easily against the asset value of their mortgage servicing rights. But the big question remains: Will the agency’s tweaks have much of an impact on liquidity? There is...