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Ginnie Mae Delays LIBOR-based HMBS Restriction to March 2021 HW+

Dec 16, 2020By

The Government National Mortgage Association (GNMA, or “Ginnie Mae”) has announced that its previously-declared restrictions on the eligibility of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) for adjustable rate loans operating off of the London Interbank Offered Rate (LIBOR) index, previously effective for all HMBS issuances dated on or after January 1, 2021, has now […]