NCSHA Comment Letter to Ginnie Mae on Proposed New Eligibility Requirements for Single-Family Issuers
On August 9, 2021, NCSHA submitted this comment letter in response to Ginnie Mae’s Request for Input on proposed new eligibility requirements for issuers of Ginnie Mae single-family mortgage-backed securities. In its comments, NCSHA expresses strong concerns that the proposed new standards will be burdensome for HFAs and other mission-driven entities, making it harder for them to utilize Ginnie Mae securities to support their affordable homeownership programs. NCSHA asks Ginnie Mae to rescind the proposed requirements, to develop instead new standards through an open and comprehensive rule-making process, and to consider alternative requirements for HFAs.
