Ginnie Efforts to Consolidate MBS Programs Could Be Costly, But Most Participants Support Concept
May 24, 2013
Ginnie Mae officials are moving ahead to create a blueprint for consolidating its two MBS programs, although some industry experts say the proposal could cost investors $5.5 billion. The agency got considerable backing from a variety of stakeholders for its straw man proposal to shift to a single MBS program based on the existing Ginnie II, said John Getchis, senior vice president in Ginnies capital markets office. We got...