Volume 21 - Number 2
January 25, 2010
Industry Says Ginnie Mae Issuers Appear Not Covered by Notice Rule
The Mortgage Bankers Association asked the Federal Reserve Board last week to clarify a new final rule that is raising compliance questions among issuers and servicers of Ginnie Mae securities. The trade association said issuers and servicers are confused about the rule’s definition of “covered” entities, which appears to exclude Ginnie Mae. In a recent letter...
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