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 ...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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