New Ginnie Mae Program Will Allow Daily Single Loan Deliveries to Pools, Initiative to Benefit Smaller Lenders
April 15, 2010
The Department of Housing and Urban Development this week announced a new initiative at Ginnie Mae that will allow mortgage lenders to deliver single loans to multi-seller pools on a daily basis. The initiative was announced by HUD Secretary Shaun Donovan during remarks at the Mortgage Bankers Association’s National Policy Conference. The MBA welcomed the announcement, which will benefit...