The changes are being pursued in response to the agency receiving “more than 10,000 questions per year from people trying to understand the deposit insurance rules,” the FDIC chief said.
A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.
Priority Financial still wants a Ginnie eagle and believes it has the financial wherewithal to make grade. “We want to resubmit, but we’ve had no communication from them,” said CEO Mark Shenkman.