GAO: Ginnie Mae, FHFA need to improve monitoring of nonbank mortgage companies
By ABA Banking Journal Staff
AI Summary
Ginnie Mae and FHFA need to enhance their assessment of funding risks associated with nonbank mortgage companies; the report does not explicitly mention Texas.
Texas Relevance
The article does not specifically mention Texas, TX, TCUD, or any Texas-specific entities. The guidance is applicable to Ginnie Mae and FHFA's operations but not uniquely relevant to Texas credit unions.
Original Content
Ginnie Mae and the Federal Housing Finance Agency must take steps to better assess the funding risks of the nonbank mortgage companies that they monitor, the Government Accountability Office concluded in a new report. The post GAO: Ginnie Mae, FHFA need to improve monitoring of nonbank mortgage companies appeared first on ABA Banking Journal .