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Home » Ginnie Tweaks Policy for Re-Pooling Defaults
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Ginnie Tweaks Policy for Re-Pooling Defaults

November 14, 2008
FHA servicers that want to re-securitize defaulted loans they have repurchased from Ginnie Mae mortgage-backed securities will have to make sure the loans are current if they want to use the agency’s standard MBS pools for level-payment mortgages. Ginnie Mae revised its policy on securitizing loans previously re-purchased from MBS pools in response to investor concerns about...
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