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https://www.ginniemae.gov/investors/disclosures_and_reports/Pages/BulletinsDispPage.aspx?ParamID=402&Ident=2019-039
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Bulletins

2019-039: Elimination of Same Trustee Restriction for Inclusion of HECM MBS REMIC Pass-Through Securities (“HREMICs”) as Trust Assets in the Ginnie Mae Multiclass Securities Program
Published Date: 8/2/2019 3:00 PM

Reference is hereby made to Bulletin 2017-020, dated March 28, 2017, which imposed certain restrictions on the inclusion of previously issued HREMICs in new HREMIC transactions. To all participants in the Ginnie Mae Multiclass Securities program, effective for transactions settling after July 31, 2019, Ginnie Mae will no longer require the Trustee for a new HREMIC transaction to be the same entity that served as Trustee for the underlying transaction in which the previously issued HREMIC(s) were issued. All other restrictions included in Bulletin 2017-020 remain the same.

Please call Ginnie Mae’s Office of Capital Markets at (202) 475-7820 with any questions or comments regarding this announcement.

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