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Loan Modification

: Mortgage Lender Implode-o-Meter

Ginnie Mae to allow securitized single loans, boosting small-lender competition

By Implode-Explode Heavy Industries

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"To level the playing field, Ginnie Mae plans to start allowing lenders to securitize single loans and will issue loans on a daily rather than weekly basis, Housing Secretary Shaun Donovan said in prepared remarks at a policy conference hosted by the Mortgage Bankers Association. "This will help smaller lenders access Ginnie Mae and FHA directly." "

Full post as published by Mortgage Lender Implode-o-Meter on April 13, 2010 (boomark / email).

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