Ginnie Mae announced its first guarantee of a mortgage-backed security backed by digital pools, or pools of loans that consist entirely of eNotes.

The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan. 1, 2021 and have coupon rates ranging from 2.5% to 3.5%. The total principal value of the digital pools came to about $24 million.

“The issuance of securities backed by digital pools validates the viability of the securitization model outlined in our Digital Collateral Program and sets the foundation for broader and more rapid adoption of digital mortgages,” said Angel details ⇒

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