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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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On the RFS monthly report, do we continue to resend the previously reported data for the new fields?
 
Will the placement of the new fields be at the end of the 11706 and the Various Loan Record file?
 
Ginnie Mae’s definition of LTV and CLTV is different from FHA’s. Is that Ginnie Mae’s intention?
 
The decimal places on the 11706 M11 Record for MIP Rates states 2; however, the format column shows 3 characters after the decimal. Which one is correct? 
 
 
Can Ginnie Mae assist us with meeting this IRS requirement?
 
How do you determine if there is Original Issue Discount (OID)?
 
How do you calculate the Market Discount Fraction (MDF)?
 
With respect to Ginnie Mae book-entry securities, will Issuers continue to be responsible for reporting tax information on these securities electronically to the IRS?
 
The Reporting and Feedback System (RFS) Technical Reference Guide file dated June 6, 2007, states that all Ginnie Mae II pools issued after 1998 will require reporting. APM 07-16 does not delineate between Ginnie Mae I and/or Ginnie Mae II pools. Which is correct?
 
Where and when do I submit my pool Tax Identification Numbers (TIN)?