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Ginnie Mae announced a major step in modernizing its platform, allowing so-called \\u201cdigital collateral\\u201d or electronic promissory notes and other loan files as collateral in its securities.

Six weeks after a Ginnie Mae executive said the agency was \\u201cjust around the corner\\u201d from beginning to accept eNotes in its securitizations, Ginnie Mae Principal Executive Vice President Seth Appleton said the program had been launched. Continue reading...