Ginnie Mae has issued an All Participants Memorandum (APM) to announce the expansion of its issuer/servicer assistance programs in response to the COVID-19 national emergency.
The APM introduces a new version of the existing Pass-Through Assistance Program (PTAP) for use by issuers facing a temporary liquidity shortfall directly attributable to the novel coronavirus. The existing PTAP program had been tailored to natural disaster situations with more limited impact.
Read on for details from Ginnie Mae.
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