Opportunities Exist for Ginnie Mae To Improve Its Guidance and Process for Troubled Issuers
We identified gaps in Ginnie Mae’s guidance and process for troubled issuers. Ginnie Mae made progress in developing an issuer default governance framework, but has not (1) defined its authorities for marketing troubled portfolios; (2) formalized guidance for how to identify potential buyers before extinguishment; (3) established expectations for determining portfolio value, price before sale, and evaluation against other options or (4)…
March 28, 2023
Report
#2023-KC-0003