GNMA II MBS Volume, Pricing Seen Getting Boost from Planned Enhancements
January 17, 2003
Ginnie Mae’s proverbial stepchild, the often neglected GNMA II mortgage-backed securities program, is expected to get a little more attention later this year as a series of planned enhancements take effect July 1. Most of the changes announced by Ginnie Mae late last week are aimed at improving the pricing of GNMA II securities by making them look more like GNMA I MBS. These