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Jumbo pools
Real Estate Investing
Definition
The
definition of Jumbo pools is:
Ginnie Mae II pass-through mortgage securities collateralized by pools which are generally larger and contain mortgages that are often more geographically diverse than single-issuer pools. Mortgage loans in jumbo pools may vary in terms of the interest rate 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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