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Ginnie Mae Permits Temporary Delay in Delivery of Security Holder Checks as a Result of Hurricane Katrina
This is to inform issuers that the United States Postal Service (USPS) has posted on its website numerous post office locations that will not accept mail from any source at this time, as a result of the massive flooding and destruction caused by Hurricane Katrina. This has a direct impact on Ginnie Mae security holders who hold physical securities and live in the areas affected by the disaster. These security holders receive their monthly pass-through payments, in the form of a check, through the United States Postal Service.