Has Ginnie Mae launched any new programs?
Ginnie Mae is always seeking new and innovative ways to improve upon its programs. To receive timely updates about Ginnie Mae programs, visit our website at www.ginniemae.gov and subscribe to the “Ginnie Mae’s E-alert” service. You will then be notified of important announcements or changes to the program. What is the difference between Ginnie I and Ginnie II? Ginnie Mae operates two MBS pass-through securities: the Ginnie Mae I MBS and the Ginnie Mae II MBS. Securities issued under the Ginnie Mae MBS program carry the same guarantee; however, each MBS has different characteristics. The following chart highlights some of the differences between the two programs: GINNIE MAE I MBS PROGRAM GINNIE MAE II MBS PROGRAM Except in the case of securities backed by manufactured home loans, all of the mortgages in a pool must bear the same interest rate The interest rate must be 50 basis points above the pass-through rate of the pool. For single family mortgages six basis points of the 50 basis po
Ginnie Mae is always seeking new and innovative ways to improve upon its programs. To receive timely updates about Ginnie Mae programs, visit our website at www.ginniemae.gov and subscribe to the “Ginnie Mae’s E-alert” service. You will then be notified of important announcements or changes to the program. What is the difference between Ginnie I and Ginnie II? Ginnie Mae operates two MBS pass-through securities: the Ginnie Mae I MBS and the Ginnie Mae II MBS. Securities issued under the Ginnie Mae MBS program carry the same guarantee; however, each MBS has different characteristics. The following chart highlights some of the differences between the two programs: GINNIE MAE I MBS PROGRAM GINNIE MAE II MBS PROGRAM Except in the case of securities backed by manufactured home loans, all of the mortgages in a pool must bear the same interest rate. The interest rate must be 50 basis points above the pass-through rate of the pool. For single family mortgages six basis points of the 50 basis p
