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Home » Ginnie to Allow Daily Pooling of Single Loans
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Ginnie to Allow Daily Pooling of Single Loans

April 16, 2010
Ginnie Mae will soon allow lenders to pool single loans into multi-issuer mortgage-backed securities on a daily basis, which will help small FHA lenders be more competitive and give them more flexibility, Department of Housing and Urban Development Secretary Shaun Donovan said at an industry conference this week. The change will occur in July, Donovan said, and it will allow lenders to pool any number of...
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