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GNMA-II
Mortgage-backed securities (M.B.S. ) on which registered holding_company receive an aggregate principal and interest_payments from a central paying agent on all their certificates. Principal and interest payments are disbursed on the 20th day of the month. GNMA-II M.B.S. are backed by multiple-issuer pools or custom pools (one issuer but different interest_rate that may vary within one percentage point). Multiple-issuer pools are known as "jumbo_loan Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest_rate may vary within one percentage point.
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