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Ginnie Mae must balance supervision with the scope of servicers’ risk

Ginnie Mae should not overreact in supervising smaller, more diversified mortgage bankers, but rather scale its approach in line with the concentration of risk that different-sized servicers pose.

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To mitigate their risk of increased exposure to nonbanks and minimize consumer harm, the GSEs and Ginnie Mae, as well as the Consumer Financial Protection Bureau, have issued new regulatory and capital requirements for mortgages servicers. 3 While the GSEs’ and Ginnie Mae’s requirements are mostly financial-covering minimum capital.

Government National Mortgage Association Ginnie Mae and the Rise of Nonbank Specialty Servicers – HUD User – Ginnie Mae and the Rise of Nonbank Specialty Servicers. Mortgage servicers are paid fees proportionate to the unpaid balance on the loans they service. According to Investor’s Business Daily, a standard servicing fee is 25 cents per $100 of unpaid loan balance, or $250 per year for a $100,000 outstanding loan.

To calculate its risk-weighted assets, a bank must apply a predefined (by regulators) weight to each asset on its balance sheet as well as to. Manager in the Center for Data Analysis, at The.

Ginnie servicers shudder at hurricane losses; some plan HUD appeal. Other non-bank, top 10 Ginnie Mae servicers are Quicken Loans, with a 5% Texas exposure; Nationstar Mortgage, with a 9% Texas exposure; Carrington Mortgage Services, with a 9% Texas exposure; and lone star funds’ caliber home Loans, with a 7% Texas exposure, the data show.

Mr. Atkins, the last time I appeared before this panel you had not yet joined, so let me first say welcome and thank you for your continued public service. risk more effectively; closing loopholes.

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Rather than regulating AIFs directly, however, the AIFMD regulates AIFMs-that is, entities providing either risk or portfolio management to. Malaysia’s Labuan Financial Services Authority,

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And non-banks are now Ginnie Mae’s main counterparties. They service around 60 percent of the mortgages in Ginnie Mae pools. Many of you work in the non-banking sector. You know what an important role your institutions have played in the mortgage market. Non-banks have brought capacity to both originate and service mortgages, providing the.

Ginnie Mae, its inspector general, and others have pointed out that Ginnie Mae’s biggest risk is with its largest servicers – for the simple reason that risk is concentrated and large portfolios are more difficult to transfer to another servicer. So Ginnie Mae should not overreact in supervising smaller, more diversified IMBs.