The new Ginnie Mae issuer financial requirements, first published on August 17, 2022 in APM 22-09 by joint announcement with the Federal Housing Finance Agency[1], are scheduled to take effect in two parts beginning September 30, 2023*. See All Participant Memorandum (APM) (ginniemae.gov) and All Participant Memorandum (APM) (ginniemae.gov). Critics of the new financial requirements say they are badly flawed and ill-advised.
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Colleen McDonald is a partner in the Finance Group and Managing Partner of the firm's San Francisco office.
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About
Colleen McDonald is a partner in the Finance Group and Managing Partner of the firm's San Francisco office.