Tandem programs

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Tandem programs

Ginnie Mae mortgage funds provided at below-market rates to residential MBS buyers with FHA Section 203 and 235 loans and to developers of multifamily projects with Section 236 loans initially and later with Section 221(d)(4) loans.

Tandem Programs

A program, begun in 1974, in which Ginnie Mae would provide a mortgage to a low-income family at a below market interest rate and then sell the loan to a private investor. The program has been discontinued. See also: Ginnie Mae pass-through.
References in periodicals archive ?
TANDEM PROGRAM HITS HOME ANNIE ROSENTHAL & COMPANY THEATER ARTAUD SAN FRANCISCO, CALIFORNIA MARCH 2-4, 2000
This tandem program offered intriguing perspectives on these two choreographers' similar attitudes toward dance: lustily energetic movement infused with pedestrian mannerisms, a preference for episodic structure over a developmental approach, and the liberal use of text.