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NCSHA May 14 Letter to Ginnie Mae on Its Pass-Through Assistance Programs and Loan Delinquency Ratio Requirements

Published on May 14, 2020
NCSHA May 14 Letter to Ginnie Mae on Its Pass-Through Assistance Programs and Loan Delinquency Ratio Requirements

On behalf of its state Housing Finance Agency (HFA) members, NCSHA wrote Ginnie Mae this letter on May 14, 2020, expressing appreciation for the steps it has taken to provide assistance to single-family and multifamily loan servicers affected by COVID-19, asking it to reconsider and amend key aspects of those programs, and urging it to issue guidance as soon as possible that would hold harmless state HFAs from the effects of Ginnie Mae’s delinquency ratio calculations during the COVID-19 pandemic.