Ginnie Announces Slight Changes To Its MBS and Related Programs
March 31, 2006
Ginnie Mae this week announced a few minor changes designed to expand its mortgage-backed securities programs, including broadening the range of MBS eligible for its Multiclass Callable Trusts. Begining in April, Ginnie Mae will accept Ginnie I and II MBS as eligible collateral for its Multiclass Callable Trusts, according to MPM 06-01. Previously, only Ginnie Mae Platinum securities were eligible underlying collateral for the agency’s callable trust securities. …