GINNIE MAE CHANGES ELIGIBILITY OF VA REFINANCE LOANS IN GINNIE MAE

摘要

On May 30, Ginnie Mae issued an All Participants Memorandum (APM), APM 18-04, announcing implementation of changes to pooling eligibility requirements for Department of Veteran's Affairs (VA) insured or guaranteed mortgages pursuant to the "Loan Seasoning for Ginnie Mae Mortgage-Backed Securities" provision in the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155 / PL. 115-174). These changes affect security issuances on or after June 1, 2018, but do not otherwise affect the guaranty or composition of MBS issued before that date.