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https://www.ginniemae.gov/investors/disclosures_and_reports/Pages/BulletinsDispPage.aspx?ParamID=175&Ident=2016-019
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Bulletins

2016-019: HMBS Pools in Factor A II and Factor B II Files - Enhanced data for HMBS Fixed Rate Pools
Published Date: 11/7/2016 12:00 AM

Ginnie Mae is enhancing the disclosure of HECM MBS (HMBS reverse mortgage pools) data in the existing Factor A II and Factor B II files. There are two changes related to this enhancement:

1) Factor Files

Note:  There is no change to the Factor file layouts or schedule. The enhancements are internal to the existing file, populating data in existing fields.

The following data enhancements will be effective with the regularly published Factor A II file to be published January 6, 2017 and Factor B II file to be published January 10, 2017: This is for HMBS Pools only.

  • Field 9, “Pool Interest Rate” -- For all HMBS pools, this field will contain the current period security interest rate. Previously this field contained the original security rate for fixed rate HMBS pools.
  • Field 15, “Original Interest Rate” -- For all HMBS pools, this field will contain the original at issuance security interest rate. Previously this field contained spaces (blanks) for fixed rate HMBS pools.
  • Field 16, “Prospective Interest Rate” -- For all HMBS pools, this field will contain the Prospective Security Interest Rate that will be in effect for the next reporting period (the prospective rate becomes the current rate next reporting period). Previously this field contained spaces (blanks) for fixed rate HMBS pools.

Previous to the changes above, for HMBS Fixed Rate pools, Fields 13 through 18 had been filled with spaces (blanks). Note that, for HMBS Fixed Rate pools, Fields 13, 14, 17, and 18 will continue to be filled with spaces (blanks).

2) HMBS Supplemental File: The final “hsuppl_yyyymm.txt” file will be published on December 6th, 2016. This file and its layout and sample will be removed from the Disclosure Data Download page on January 5, 2017.

All Factor files and the HMBS Supplemental File are found on the Disclosure Data Download page. For questions related to this bulletin, please send an email to investorinquiries@hud.gov.

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