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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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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)?
 
Can I submit OID and MDF in a text file or CSV file?
 
If I submit a pool via GinnieNET in January 2008, can I fax the TIN for that pool in February 2008?
 
Can the CSV reporting file layout be used for both the initial reporting and also for each monthly report submitted until RFS is implemented?
 
If I am submitting 2007 tax data and have included TINs, do I have to submit pool TINs in a separate submission?
 
 
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