Ginnie Mae allows for risk-based capital relief to issuers that hedge MSRs
Briefly

from www.housingwire.com2 months ago
"Ginnie Mae announced that it will permit relief from its risk-based capital ratio requirements for mortgage-backed securities issuers that effectively hedge their mortgage servicing rights."
www.housingwire.comhttps://www.housingwire.com/articles/ginnie-mae-allows-for-risk-based-capital-relief-to-issuers-that-hedge-msrs/
"Sam Valverde, Ginnie Mae's acting president, stated, 'With RBCR set to go into effect at the end of the year, we are pleased to provide this relief for proven hedging strategies.'"
www.housingwire.comhttps://www.housingwire.com/articles/ginnie-mae-allows-for-risk-based-capital-relief-to-issuers-that-hedge-msrs/
"The new memorandum outlines that beginning on Dec. 31, 2024, certain issuers will be required to maintain an RBCR of 6% based on their risk weighted assets to Adjusted Net Worth."
www.housingwire.comhttps://www.housingwire.com/articles/ginnie-mae-allows-for-risk-based-capital-relief-to-issuers-that-hedge-msrs/
"Issuers must have hedged at least one of the most recent four quarters, and at least four of the most recent 12 quarters, to be eligible for risk-based capital relief."
www.housingwire.comhttps://www.housingwire.com/articles/ginnie-mae-allows-for-risk-based-capital-relief-to-issuers-that-hedge-msrs/
Read at www.housingwire.com
#ginnie-mae #mortgage-backed-securities #risk-based-capital-ratio #hedging #mortgage-servicing-rights
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