Ginnie Mae says it completed a record 65 Platinum mortgage-backed securities transactions in March 2021, far exceeding the typical 19 to 22 Platinum transactions seen monthly. Those 65 MBS deals represented approximately $5.6 billion of business.
“March demonstrates the success of our Platinum automation and expansion of the Platinum product suite and user base,” says Richard Perrelli, Ginnie Mae product manager for multiclass securities.
Platinum demand was additionally driven by the effect near-record-low interest
