Third NCSHA Letter to Ginnie Mae on Delinquency Ratio Exemption Extension
In this April 28, 2022, letter, NCSHA urged Ginnie Mae President Alanna McCargo to extend again Ginnie Mae’s delinquency ratio exemption beyond the June expiration. The Ginnie Mae MBS Guide specifies the delinquency ratios on outstanding pools and loan packages below which an issuer must remain to avoid sanction.
