Roy Hormuth, Ginnie Mae’s Director of Single Family Securitization, will be attending and speaking at the Information Management Network’s sixth annual Residential Mortgage Servicing Rights Conference, April 15 and 16, in New York City. The conference will feature speakers such as Marty Young, vice president at Goldman Sachs, and Kevin Brungardt, CEO of RoundPoint Mortgage Servicing Corporation.
On April 15, Hormuth will speak at 2:05 EDT, on the panel “Financing in the MSR Market,” which aims to explore bank vs. non-bank financing, agency vs. non-agency financing and more. Panel members include directors from Freddie Mac and Credit Suisse and other industry leaders.
The Information Management Network’s 2019 Residential Mortgage Servicing Rights Conference brings together members of the mortgage servicing rights industry to explore MSR stress testing, transaction management and more. The day-and-a-half-long event is attended by MSR buyers and investors, accounting firms, private equity funds and other industry participants.
Ginnie Mae has been among the leading industry players encouraging a strong MSR market. On March 7, Ginnie Mae published an All Participants Memorandum setting forth new minimum servicing requirements. The agency’s “Ginnie Mae 2020” white paper, published last June, contributed to the broader discussion of the benefits of greater market liquidity.
About Ginnie Mae
Ginnie Mae is a wholly-owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage-backed securities programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.