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Ginnie Mae II
Real Estate Investing
Definition
The
definition of Ginnie Mae II is:
Pass-through mortgage securities on which registered holders receive an aggregate principal and interest payment from a central paying agent on all of their Ginnie Mae II certificates. Ginnie Mae II securities are collateralized by multiple-issuer pools or custom pools which contain loans from one issuer but interest rates that may vary within one-half percentage point in pools issued after July 1 2003 or one percentage point in pools issued prior to July 1 2003.
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