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Home » Store » Profitability » New Concerns Arise About Nonbanks’ Ability To Meet Ginnie Mae MBS Servicing Advances

New Concerns Arise About Nonbanks’ Ability To Meet Ginnie Mae MBS Servicing Advances

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Profitability

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Ginnie Mae is once again getting anxious about the growing – and large – presence of nonbanks that service the agency’s MBS, fearing a liquidity crisis could erupt because some firms rely too heavily on “non-traditional and very sophisticated funding mechanisms.” In a statement issued to Inside MBS & ABS this week, Ginnie contrasted nonbanks to depositories “who traditionally were the primary issuers of Ginnie Mae MBS.” The agency added...[Includes one data table]
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