Ginnie Mae reveals plans to stress-test nonbank lenders

Ginnie Mae reveals plans to stress-test nonbank lenders
In the last decade, Ginnie Mae has seen what it calls a “significant transformation” in the type of players that participate in the issuance of its mortgage-backed securities, with the bulk of transactions now being handled by nonbank lenders. To address the situation, Ginnie recently revealed plans to institute stress tests for major nonbank lenders that would assess their ability to perform under adverse conditions over a two-year period.
Source: https://www.housingwire.com/rss