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How the Homeowner Assistance Fund may affect foreclosures

Nonbank lenders balk at Ginnie Mae capital plan

REGISTER NOW A Ginnie Mae proposal to introduce a risk-based capital requirement for nonbanks has sparked an outcry from mortgage lenders that originate the vast majority of loans to first-time homebuyers and minorities. Ginnie issued a request for input in early July on a plan that would impose added net worth and liquidity requirements for all issuers. It would also subject nonbank lenders to a 10% risk-based capital ratio with a risk weight of 250% for mortgage servicing rights dramatically higher than the calculation for other assets. State and federal regulators have sought for years to impose prudential regulation and stress-testing on nonbank lenders but the new Ginnie plan is the first to include a risk-based capital standard.

Ed DeMarco | American Banker

Ed DeMarco | American Banker
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Groups seek to keep mortgage origination, securitization rules aligned

Groups seek to keep mortgage origination, securitization rules aligned
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

FHFA veteran reflects on 20 turbulent years in housing finance

FHFA veteran reflects on 20 turbulent years in housing finance
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