News

5/27/2015

Ginnie Mae Announces Change to USDA Mortgage-Backed Securities Program

Ginnie Mae has announced that starting June 1, 2015, the maximum loan amount for USDA Sec. 538 loans that will be eligible for pooling into Ginnie Mae mortgage-backed securities (MBS) will be increased from 50% of total development costs to 70% of total development costs.