The purpose of this Multiclass Participants Memorandum is to inform interested participants that, effective with issuances on and after October 16, 2023, Platinum Participants may aggregate and commingle C RG pool types within Platinum Pool Types C SP (30-year) and C JP (15-year) to improve liquidity for C-RG securities.
The C RG Pool is a Ginnie Mae II custom pool that must be composed exclusively of Re-Performing Loans which are identified with Loan Purpose Code 5. Other than this Re-Performing Loan composition requirement, the parameters for a C RG Pool are identical to the pooling parameters applicable to Ginnie Mae II Custom Single Family (C SF) Pools. - C RG 30yr will be eligible for Platinum C SP (30yr)
- C RG 15yr will be eligible for Platinum C JP (15yr)
The following chart shows the MBS eligible for inclusion in Platinum C SP (30yr) and C JP (15yr) pools.
Platinum Pool Type
| Eligible MBS for Platinum Securities.
| C SP
| C SF, C SP, C RG Pools as collateral.
| C JP
| C SF, C JP, C RG Pools as collateral.
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Please call Ginnie Mae’s Office of Capital Markets at (202) 475-7820 with any comments or questions regarding this announcement.
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