Tandem programs

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved