Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights.

The requirement would be for nonbanks, who make up the bulk of the Federal Housing Administration market. Ginnie Mae specifically called out those institutions that are not “regulated by a federal prudential regulator” or state-chartered in guidance it published today, a day after it made a joint announcement with the Federal Housing Finance Agency.

Government loans and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. The compliance date details ⇒

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