2010-10-28 — nationalmortgageprofessional.com
"Ginnie Mae President Theodore W. Tozer has announced that it is increasing its net worth requirements for single family issuers for the second time in three months, from its current amount of a $1 million net worth requirement to $2.5 million. Ginne Mae also announced that it is changing the formula for calculating additional requirements above the base."
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