More lenders that traditionally sold their mortgages to large aggregators are knocking on Ginnie Mae’s door these days. And that makes the agency’s president, Ted Tozer, a happy man.

As to why this is happening, that’s simple. With Bank of America out of the correspondent market for almost a year, and with other aggregators paying paltry sums for the ‘servicing released premium,’ many mid-sized Federal Housing Administration lenders (banks and nonbanks alike) want to become direct issuers.

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