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Ginnie Mae OKs ARM Securitizations

Ginnie Mae has announced that issuers will be able to include adjustable-rate mortgages as collateral for single-family forward Ginnie Mae REMIC transactions closing in August, reports Housing Wire.

Ginnie Mae has announced that issuers will be able to include adjustable-rate mortgages as collateral for single-family forward Ginnie Mae REMIC transactions closing in August. The announcement follows one from Freddie Mac that lenders would be permitted to securitized multifamily adjustable-rate mortgages as part of its Capital Markets Execution Program.

Click here to read the story from Housing Wire.

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