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Ginnie Mae mandates LTV calculated at loan origination

Ginnie Mae clarified its loan-to-value requirement, insisting it be calculated at the time of origination.
Ted Tozer, president of the government agency, issued the clarification and said mortgage-backed securities issuers can use the appraised value, estimated value or purchase price of a property to calculate the LTV. If Ginnie is insuring or guaranteeing the loan and [...] Ginnie Mae mandates LTV calculated at loan origination
HousingWire

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