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Home » Store » News » Ginnie Mae MBS Issuers Offered Reimbursements

Ginnie Mae MBS Issuers Offered Reimbursements

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Issuers of Ginnie Mae mortgage securities will be reimbursed for interest shortfalls on mortgage loans to active duty military personnel who qualify for debt relief under the Soldiers’ and Sailors’ Civil Relief Act, the agency announced this week. The new reimbursement policy became effective with the release of Ginnie Mae Memorandum to all program participants (01-25) dated Oct. 3. It applies to loans made to persons who later enlist
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