Ginnie Mae Revises Policies for Structuring Platinum Pools to Keep Out Ineligible Collateral
July 16, 2010
Ginnie Mae will be modifying its policies regarding the creation of its Platinum securities in the wake of reports that some dealers have been filling Platinum pools with ineligible bonds in violation of agency and industry guidelines. Ginnie Mae is making the changes after the Securities Industry and Financial Markets Association this week addressed the problem in a special conference call...