HUD's IG questioned whether Ginnie could relocate a troubled MBS portfolio from one issuer to another if the first is facing financial or operational challenges.
The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.
Late last year, Ginnie seized the mortgage servicing assets of Reverse Mortgage Funding after the company filed for bankruptcy, citing liquidity issues.
It will be the 11th issuance of its type by loanDepot.
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