Ginnie Issuing First Strip MBS

Shenn, Jody
July 2004
American Banker;7/30/2004, Vol. 169 Issue 146, p7
Trade Publication
Reports that the Government National Mortgage Association is expected to issue its first "stripped" mortgage-backed securities. Details of the transaction underwritten by a syndicate of 14 Wall Street dealers led by Goldman Sachs Group Inc.; How the strips will be the first guaranteed by the government; Rate of the coupons on the interest-only bonds.


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