Selling servicing rights, Ginnie Mae or otherwise, is no easy task these days, given the financial damage caused by the pandemic. However, green shoots may be emerging.
Citadel Servicing Corp., another key player in the non-QM sector, remains quiet regarding its plans to reopen. Back in February, the lender/servicer was sold to HPS Investment Partners for an undisclosed sum.
FHA is sympathetic to the plight of its lenders during the coronavirus crisis but how far will it go on forbearance for loans in progress? No one knows, at least not yet.