According to the agency, the most prominent change from the minimum financial requirements established in 2015 is involves new standards that establish financial requirements for the servicing of Ginnie Mae mortgages. Other changes include increasing the minimum base liquidity from 3.5 basis points (bps) to 4.0 bps and updating the incremental NPL charge from 6 percent to four percent.
The FHFA is accepting input on its proposal for the next 60 days, and feedback can be forwarded to [email protected]
. The agency added that it could finalize these new requirements during the second quarter and make them effective six months after they are finalized.