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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 Maehas announced that issuers will be able to include adjustable-rate mortgages as collateral for single-family forward Ginnie Mae REMIC transactions closing in August. Theannouncementfollows one fromFreddie Macthat lenders would be permitted to securitized multifamily adjustable-rate mortgages as part of its Capital Markets Execution Program.