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Ginnie Mae MBS Overview and Insights by Jylly Jakes is a document available to read on EtoBox.

What is Ginnie Mae MBS Overview and Insights about?

This primer explains why a bank servicer would want to repurchase a loan from a Ginnie Mae pool. The servicer receives a generous interest rate on the FHA debenture (bond) while they borrow from the Fed at a far lower rate to repurchase the loans from FHA backed Ginnie Mae pools. This is a back door bailout of the banks that has gone unnoticed.

Author

Jylly Jakes

Language

EN