In an interview with The Mortgage Marketplace, acting Ginnie Mae President Robert Kalish discussed details surrounding the highly anticipated Ginnie Mae Remics program. Interview excerpts follow.

MMP: There has been a demand from the secondary market and Public Securities Association for the issuance of a GNMA Remic for several years, but Ginnie Mae has typically avoided the issue. Considering Fannie Mae and Freddie Mac's explosive success in the Remics market, why has Ginnie Mae has been so noticeably reticent about them?

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