Ginnie Mae late this month released an improved acknowledgement agreement that aims to bolster the liquidity of nonbanks seeking to borrow against the asset value of their mortgage servicing rights. In an interview with Inside Mortgage Trends, Ginnie President Ted Tozer noted that one of the chief aims of the exercise was to offer clarifications to financiers that they, as lenders, would have no legal liability should the servicer of record default on their Ginnie bond payments. “There is no liability for ...