Ginnie Mae extended the announcement date for the selection of a financial adviser for the Ginnie Mae Remic program to nearly three weeks later than originally planned, but despite the delay mortgage industry sources don't believe it means a slower than expected start for the much-awaited program.

The more than 300 in attendance at the Public Securities Association's operations conference in New York Nov. 5 were informed that the selection due date had been extended to Nov. 23 and, although HUD would not disclose who or how many parties had applied for the positions, the delay may indicate Ginnie is sorting through a larger-than-expected applicant turnout, said one mortgage industry source.

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