For Immediate Release
Contact: Scott Olson
scottolson@communitylender.org
571-527-2601
The Community Home Lenders of America (CHLA) today released this statement in response to Ginnie Mae’s announcement it was delaying from 12/31/23 to 12/31/24 the compliance deadline for the new risk-based capital ratio:
“The Community Home Lenders of America (CHLA)appreciates and applauds Ginnie Mae’s announcement that it is extending the compliance date for the new risk-based capital ratio requirements by one year to December 31, 2024.
CHLA continues to request that Ginnie Mae show flexibility in these requirements as it works with issuers, in order to avoid a potential adverse market impact which might result from issuers selling Ginnie Mae MSRs to meet the new requirements.