Trade groups cheer new deadline for Ginnie nonbank capital rule
Trade groups cheer new deadline for Ginnie nonbank capital rule
Abstract
Ginnie Mae on Friday announced it has extended the mandatory implementation date of its risk-based capital requirement for nonbanks to 2024.
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Ginnie Mae on Friday announced it has extended the mandatory implementation date of its risk-based capital requirement for nonbanks to
2024.
The post Trade groups cheer new deadline for Ginnie nonbank capital rule appeared first on HousingWire.
Ginnie Mae on Friday announced it has extended the mandatory implementation date of its risk-based capital requirement for nonbanks to
2024.
The post Trade groups cheer new deadline for Ginnie nonbank capital rule appeared first on HousingWire.
A โmisalignmentโ in existing regulations that allow banks to access lower-cost financing even with negative tangible capital could be negatively impact smaller banks, the letter to the FHFA says.
The post 77 bank trade groups urge FHFA to modify its tangible capital rule appeared first on HousingWire.
A โmisalignmentโ in existing regulations that allow banks to access lower-cost financing even with negative tangible capital could be negatively impact smaller banks, the letter to the FHFA says.
The post 77 bank trade groups urge FHFA to modify its tangible capital rule appeared first on HousingWire.
Dave Stevens writes: The changes are so punitive that either costs will rise or many Ginnie Mae servicers will leave the program altogether.
The post Opinion: What is Ginnie Mae thinking with new capital rule? appeared first on HousingWire.
Dave Stevens writes: The changes are so punitive that either costs will rise or many Ginnie Mae servicers will leave the program altogether.
The post Opinion: What is Ginnie Mae thinking with new capital rule? appeared first on HousingWire.
Ginnie Mae says 95% of its issuers would be compliant with its controversial new capital rule, which puts a 250% risk weight on gross MSRs.
The post Ginnie Mae: Vast majority will be able to comply with new capital rule appeared first on HousingWire.
Ginnie Mae says 95% of its issuers would be compliant with its controversial new capital rule, which puts a 250% risk weight on gross MSRs.
The post Ginnie Mae: Vast majority will be able to comply with new capital rule appeared first on HousingWire.
The CFPB said Friday it would take a โfresh lookโ at a rule that decides what mortgages are protected from some litigation during foreclosures.
The post CFPB to review QM rule appeared first on HousingWire.
The CFPB said Friday it would take a โfresh lookโ at a rule that decides what mortgages are protected from some litigation during foreclosures.
The post CFPB to review QM rule appeared first on HousingWire.
Ginnie Mae on Thursday announced a set of revised capital requirements that appear to be aimed at reducing red tape for federally insured credit unions and housing finance agencies.The all-participants memorandum will bring Ginnie's standards in line with other regulatory requirements credit unions must already meet, and exempts housing finance agencies due to their state-backed status, according to a press release issued by the federal mortgage-bond insurer. The memorandum, which becomes effec...
Ginnie Mae on Thursday announced a set of revised capital requirements that appear to be aimed at reducing red tape for federally insured credit unions and housing finance agencies.The all-participants memorandum will bring Ginnie's standards in line with other regulatory requirements credit unions must already meet, and exempts housing finance agencies due to their state-backed status, according to a press release issued by the federal mortgage-bond insurer. The memorandum, which becomes effec...
Bank trade groups say that it is beyond the scope of the CFPB's authority for it to be involved in the decision making process of a merger
The post Bank groups: CFPB should keep nose out of bank mergers appeared first on HousingWire.
Bank trade groups say that it is beyond the scope of the CFPB's authority for it to be involved in the decision making process of a merger
The post Bank groups: CFPB should keep nose out of bank mergers appeared first on HousingWire.
The ICBA this week argued that the FHFA should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion FHLB system.
The post Banking trade group โstronglyโ opposes nonbank membership in FHLB system appeared first on HousingWire.
The ICBA this week argued that the FHFA should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion FHLB system.
The post Banking trade group โstronglyโ opposes nonbank membership in FHLB system appeared first on HousingWire.
The Federal Housing Finance Agency on Wednesday published a final rule that ties new public disclosure requirements for Fannie Mae and Freddie Mac in with a recently-modified enterprise regulatory capital framework.The ruleโs publication also makes a stressed-based capital buffer determination used in the regulatory framework part of a new capital planning process for the two government-sponsored enterprises. Additionally, it sets May 20, 2023 as the date Fannie and Freddie will begin submitt...
The Federal Housing Finance Agency on Wednesday published a final rule that ties new public disclosure requirements for Fannie Mae and Freddie Mac in with a recently-modified enterprise regulatory capital framework.The ruleโs publication also makes a stressed-based capital buffer determination used in the regulatory framework part of a new capital planning process for the two government-sponsored enterprises. Additionally, it sets May 20, 2023 as the date Fannie and Freddie will begin submitt...