On June 25, 2021, Ginnie Mae announced the creation of a new pool type C-ET that consists of modified loans with original terms greater than 361 months and less than or equal to 480 months. The Custom pool design implies that each pool is created by a single issuer. Other custom pools are limited to 360-month maturities, so this structure is designed to enhance liquidity for these borrowers. 7 such pools were issued in December 2021, and 1 in January 2022 so far. The 8 pools have only 13 loans, from 3 issuers. 8 out the 13 loans are Rural loans, 5 are VA.
Once again, Ginnie Mae has provided the market with new investment opportunities, and analysts with the opportunity to learn about how markets behave under long-term timeframes.