Ginnie Mae is implementing a minor processing change to the HMBS Loan Level Disclosures, beginning with August 2018 New Issuance Disclosure and July Monthly Disclosure (published in August):
A value for the Remaining Term of Payments field (field 44 of the Loan record) will be disclosed only if the loan’s Payment Option (field 35 of the loan record) is 2 or 4. If the loan’s Payment Option is other than 2 or 4, then blanks will be disclosed.
A value for the Monthly Scheduled Payment Amount field (field 43 of the Loan record) will be disclosed only if the loan’s Payment Option is 1, 2, 4 or 5. If the Payment Option is = 3 or 6, then blanks will be disclosed.
For questions related to this bulletin, please send an email to firstname.lastname@example.org. Inquiries to this email will be addressed within 2 business days.