bannerimage
Issuers
 
Search
Share To Twitter Share To LinkedIn Share To Twitter Share
* To
* From
Message
URL
https://www.ginniemae.gov/issuers/program_guidelines/Pages/mbsguideapmslibdisppage.aspx?ParamID=128
Print Friendly

​​​​​​​

 ‭(Hidden)‬ Ginnie Mae Breadcrumb

​​​
All Participant Memorandum (APM)
APM 22-05: Extension of Temporary Relief from the Acceptable Delinquency Threshold Requirement
Published Date: 6/16/2022 2:50 PM
Due to the continuing impact of the COVID-19 Pandemic National Emergency on forbearance levels and delinquency rates, Ginnie Mae is continuing the exemptions that were originally announced in APM 20-06: “Treatment of Mortgage Delinquency Ratios for Issuers Affected by COVID-19", and most recently extended in APM 21-04: “Extension of Temporary Relief from the Acceptable Delinquency Threshold requirement”​, from July 31, 2022 through January 31, 2023 (December 2022 investor reporting).

Ginnie Mae will continue to exclude any delinquencies occurring on or after April 2020 for the purposes of enforcing the provisions in Ch. 18, Part 3, §§ C & D. Ginnie Mae will provide this exclusion automatically through January 31, 2023, to Issuers that were compliant with Ginnie Mae’s delinquency rate thresholds as demonstrated by their April 2020 investor accounting report, reflecting March 2020 servicing data. Issuers do not need to change any aspect of their monthly report to benefit from this exclusion and must continue to report loans in forbearance as delinquent in accordance with established procedures.

If you have further questions, please contact your Account Executive in the Office of Issuer and Portfolio Management directly.

Online Library Link:
Attachment(s):
APM_22-05.pdf