Ginnie Mae President Alanna McCargo on Monday announced changes to the re-pooling seasoning requirement for re-performing loans, which it says will increase issuer liquidity.

The government mortgage insurer will shorten the seasoning requirement from six months to three months and allow issuers the option to pool re-performing loans into TBA-eligible Ginnie Mae II Multi-Issuer Pools.

The changes will take place no later than the end of the first quarter of 2023, McCargo told attendees at the Mortgage Bankers Association annual conference in Nashville on Monday.

The policy change reverses a number of details ⇒

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