Ginnie Mae Raising Net Worth Standards for Single-Family Issuers

摘要

Ginnie Mae is raising the net worth requirements for issuers of single-family mortgage-backed securities, boosting the base requirement from $1 million to $2.5 million. In addition to the base requirement, issuers will have to have net worth equal to 0.2 percent of the remaining principal balance (RPB) on outstanding securities and any available commitment authority.