MISMO Issues Statement in Support of Ginnie Mae’s Issuance of its First Mortgage-Backed Security backed by eNote Pools
WASHINGTON, D.C. (Janauary 26, 2021) - Seth Appleton, President of MISMO®, today issued the following statement in support of Ginnie Mae issuing its first mortgage-backed security backed by eNote-based digital pools.
"MISMO congratulates Ginnie Mae on its recent accomplishment of issuing the first mortgage-backed security (MBS) backed by digital pools based entirely on eNotes. The MERS® Registry had 462,000 eNote registrations in 2020, a 263% year over year increase. All eNotes are MISMO SMART Docs® and are based on MISMO's industry standard. This Ginnie Mae success is an example of the growing momentum for digital mortgages and the progress we expect to see in 2021. We look forward to continuing to work with Ginnie Mae to advance adoption of digital mortgages."
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