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Change in Policy Allowing Trust Assets to be Subject to a Repurchase Agreement between Pool Wire Dates and Closing Dates
Published Date: 8/7/2013

Ginnie Mae announced today that, effective for August 2013 transactions, Trust Assets that are delivered to the Trustee for a transaction on the related Pool Wire Date may be subject to a repurchase agreement (a “repo”) between the Sponsor and a third party (a “repo lender,” which may include an intermediary bank acting on behalf of the repo lender). Please click the "read more" link below to read the Multiclass Participants Memorandum (MPM).