WASHINGTON, D.C. – Today, Ginnie Mae published a set of “Frequently Asked Questions” to address the inquiries received during the agency’s one-on-one conversations with the industry since the updated minimum independent mortgage bank (IMB) eligibility requirements were announced in August.

“Since announcing these updated standards, Ginnie Mae has actively engaged with Issuers and stakeholders who have questions," said Ginnie Mae’s President, Alanna McCargo. “We are taking this opportunity to provide additional clarity around our approach. While the overwhelming majority of Ginnie Mae Issuers are compliant with these requirements today, we will continue engaging with our Issuers throughout the implementation period to ensure our program guidelines support a strong and vibrant source of housing finance liquidity.”

Ginnie Mae intends to update these FAQs from time to time as we continue our engagement on these important issues.

The FAQs can be found here.

Additional information about Ginnie Mae is available at www.ginniemae.gov, on Twitter , YouTube, Facebook and LinkedIn.

About Ginnie Mae

Ginnie Mae is a wholly owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing and the Department of Agriculture Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States government.