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On Aug. 26, Ginnie Mae announced it was expanding its rules regarding eligible loans for repurchase from Ginnie Mae mortgage-backed securities. Under the revised rules, any modified loan may be repurchased after successfully completing a threemonth trial payment period, if a trial period is required.
Ginnie Mae noted in a press release that the change aligns Ginnie' s repurchase policy for the Federal Housing Administration non-Home Affordable Modification Program (non-HAMP)...