Ginnie Mae Wants to Attract Credit Unions
Ginnie Mae Pres. Ted Tozer announced to attendees at NAFCUs Congressional Caucus that they are eager to attract smaller mortgage lenders, like credit unions. He announced a new product, the MPF Government Mortgage-Backed Securities, that is specifically designed for lenders that don’t have direct access to the secondary market. The new product will be rolled out initially to participating members of the Chicago FHL Bank in Illinois and Wisconsin and then made available on a broader scale in 2014. [9/11]
