Starting March 1, 2020, issuers will be required to have and maintain, at all times, a weighted average servicing spread of at least 25 basis points for their forward, fixed-rate single-family Ginnie portfolio.
There was some speculation before the vote that SIFMA might delay the guidelines or otherwise hinder UMBS issuance, but the vote on Wednesday was passed with a “significant majority,” according to SIFMA.
Lenders delivered $93.54 billion of conventional, FHA and VA mortgages with loan amounts exceeding $453,100 into agency mortgage-backed securities last year, a 23.9% decline from 2017.
The Federal Housing Finance Agency last week issued a final rule aimed at improving liquidity of the to-be-announced MBS as well as the new uniform MBS, which makes its debut in early June ...