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Home » Ginnie Considers New Restraints on MBS Buyouts
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Ginnie Considers New Restraints on MBS Buyouts

November 7, 2008
Under pressure from mortgage securities investors, Ginnie Mae is considering new policies designed to slow the pace of loans being repurchased from MBS pools by mortgage servicers. The Mortgage Bankers Association is urging the agency to move cautiously with any such change since servicer buyouts are an important mechanism for controlling costs with defaulted loans – including loss mitigation...
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