The implementation of significant changes in the pooling requirements of the Ginnie Mae II program will begin on July 1. Specifically the new WAC ranges for Ginnie II securities will go into effect. The sector will be more attractive to both issuers and investors thanks to these changes, analysts said.

In a recent report, Countrywide Securities said that the most significant change in the Ginnie program would be to the pool servicing and gross WAC levels.

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