Six weeks after a Ginnie Mae executive said the agency was “just around the corner” from beginning to accept eNotes in its securitizations, Ginnie Mae Principal Executive Vice President Seth Appleton said the program had launched.
As part of the initial phase, issuers may apply to participate as eIssuers and begin securitizing government-backed mortgages comprised of digital collateral with Ginnie Mae approval.
Read on for details of the new capabilities.