As previously announced in APM 22-02 and APM 23-08, Ginnie Mae will complete the transition of Single Family [Forward] and Manufactured Housing Program pooling from GinnieNET to the new Single Family Pool Delivery Module (SFPDM) in MyGinnieMae on December 1, 2023. Since SFPDM became available to all Single Family and Manufactured Housing Issuers in April 2022, Ginnie Mae has monitored and supported the transition of Issuers to ensure smooth business operations in the adoption process. Following December 1, 2023, SFPDM will be the only application available for Single Family and Manufactured Housing pooling. HECM Issuers will continue pooling in GinnieNET.
As part of this transition to SFPDM, paper pooling for the Single Family and Manufactured Housing Programs will no longer be allowed and Issuers will have to complete all their pooling activities electronically. Paper pooling option will remain available for the Multifamily Program. For more information on changes following December 1, 2023, refer to Modernization Bulletin #30.
To align with the December 1, 2023 GinnieNET cutover of Single Family and Manufactured Housing Pooling functions, Ginnie Mae is implementing updates to the Mortgage-Backed Securities Guide 5500.3, Rev-1 (“MBS Guide”) to ensure that its policies and operational requirements are clearly and accurately reflected for Issuers. The MBS Guide chapters and appendices being revised by this announcement are listed below. The Glossary of the MBS Guide has also been updated accordingly. All updates are effective on December 1, 2023.
For questions and additional information regarding the transition to SFPDM, please contact askGinnieMae@hud.gov.