Ginnie Mae’s ruler is ‘the elephant in the room’ for the MSR market
Mortgage industry executives echo the sentiment that Ginnie Mae’s risk-based capital requirement is currently the top concern for companies holding mortgage servicing rights (MSRs). According to industry leaders, the rule can force a wave of selling, reduce values and put some lenders and services in a difficult situation. “It’s ‘the elephant in the room’ right …
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