The stagecoach has a huge advantage, namely that it’s the largest depository owner of Ginnie servicing rights at $149.1 billion and has an extremely low cost of funds...
The changes are being pursued in response to the agency receiving “more than 10,000 questions per year from people trying to understand the deposit insurance rules,” the FDIC chief said.
A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.
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