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Ginnie Mae Gives Guidance.(United States. Government National Mortgage Association helps the armed forces)(Brief Article)

Mortgage Servicing News

| November 01, 2001 | COPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Ginnie Mae has made it easier for servicers to accommodate reservists and members of the National Guard who have been called up for active duty by reducing their monthly principal payments.

In a letter to all participants, Ginnie Mae says it will allow servicers (who are receiving partial payments from borrowers) to purchase the loans before they ...

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