GOV'T CHANGES RULES FOR MULTI-FAMILY LOANS
Ginnie Mae has announced new risk management changes to further strengthen its operations and to ensure that its program requirements better align with the rapidly changing housing finance market. The corporation is implementing new net worth, capital, and liquid assets requirements for participants in its Multifamily Mortgage-Backed Securities (MBS) program. Net worth requirements are core tools used by regulators, lenders, insurers, and others to manage counterparty risk. The policy changes announced today will include the following...
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posted by Victor Lloyd Smith @ 10:10 AM
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