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 Glossary   >   T   >   "Tandem programs" Definition   

        Tandem programs

Under Ginnie Mae, mortgage funds provided at below-market rates to residential M.B.S. buyers with FHA Section 203 and 235 loans and to developers of multifamily projects with Section 236 loans initially and later with Section 221(d)(4) loans.

Tandem programs
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Tandem programs - Under Ginnie Mae, mortgage funds provided at below-market rates to residential M.B.S. buyers with FHA Section 203 and 235 loans and to developers of multifamily projects with Section 236 loans initially and later with Section 221(d)(4) loans.


Tandem programs : under ginnie mae, mortgage funds provided at below-market rates to residential m.b.s. buyers with fha section 203 and 235 loans and to developers of multifamily projects with section 236 loans initially and later with section 221(d)(4) loans.