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Frequently Asked Questions (FAQs)​

This FAQ is for summary purposes only. All terms and conditions of the MBS Program are in the applicable Guaranty Agreement and the Guide. Where there is any inconsistency between this FAQ and the applicable Guaranty Agreement or the Guide, the provisions of the applicable Guaranty Agreement or the Guide will govern.
 
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How should we categorize a loan under “loan purpose” that has been brought current after being bought out of the pool and subsequently re-pooled?
 
Before February 1, 2011 Ginnie Mae had a loss mitigation category under “loan purpose.” Since this is no longer an option, how do we categorize loss mitigation loans? 
 
What is Ginnie Mae’s policy on loans eligible for pooling?
 
What is the effective date that Issuers are required to provide the four additional data elements? 
 
Does this requirement apply to the HECM Mortgage-backed Securities Program or Multifamily Program?
 
Can we report the new data elements in August 2012?
 
When can Issuers test the new layout?
 
Is the First-Time Homebuyer Indicator required for modified loans that are re-pooled? 
 
 
Is the Upfront MIP (“UFMIP”) rate required for modified loans that are re-pooled? 
 
Is the Annual MIP rate required for modified loans that are re-pooled?