Ginnie Mae could issue its first real estate mortgage investment conduit by May 26, and Chemical Bank--acting as Ginnie's information agent--wants participants to know how to use the GNMA Remic Information Exchange before the program kicks off.
Chemical plans to conduct a half-day training session May 23 from 8:30 a.m. to noon on its information exchange system. The session will be held at Chemical's 55 Water St. facility, 13th floor executive center in New York. The system is targeted to all the players in the Ginnie Remic market, Chemical said, including brokers, dealers, investors and trustees. Representatives from Ginnie Mae and Chemical Bank will be available during the session.