FHA servicers that want to re-securitize defaulted loans they have repurchased from Ginnie Mae mortgage-backed securities will have to make sure the loans are current if they want to use the agency’s standard MBS pools for level-payment mortgages. Ginnie Mae revised its policy on securitizing loans previously re-purchased from MBS pools in response to investor concerns about...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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