Ginnie Mae could relieve financial pressure on its nonbank issuers by guaranteeing their short-term obligations, according to a proposal from former Ginnie President Ted Tozer.
There’s nothing like a new capital proposal to fan the flames of speculation. Might possible changes in bank regulations alter the market for CRA loans?
The rating service will assess expected payments from private mortgage insurers, with implications for MI-linked note issuance and potentially non-agency MBS with loans that have private MI.
Ginnie Mae President Alanna McCargo detailed an effort to establish a credit facility for nonbanks and plans to expand the pool of contributors to Ginnie MBS.