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NCSHA Submits Letter to Ginnie Mae on COVID-19 Servicing Concerns

Published on March 25, 2020
NCSHA Submits Letter to Ginnie Mae on COVID-19 Servicing Concerns

On March 25, 2020, NCSHA sent this letter to Ginnie Mae urging it to help state housing finance agency (HFA) issuers of Ginnie Mae securities meet their pressing liquidity needs due to COVID‐19. The letter describes the servicing and liquidity concerns of HFA issuers and recommends Ginnie Mae provide relief to them. It also explains that, while NCSHA supports industry-wide efforts to provide liquidity to servicers, the mission and structure of state HFAs demand a more targeted approach.

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