Ginnie Mae Wary About Redesignating Higher-Balance FHA Loans Regular TBA Pools
August 1, 2008
With the passage of permanent new loan limits in the omnibus housing legislation, Ginnie Mae is evaluating whether to treat economic stimulus package mortgage loans as Ginnie Mae I pool assets or to require them to be placed in specially designated pools for the time being. Treating the higher-balance FHA-insured loans as...