Washington, D.C. – Ginnie Mae announced today that mortgage-backed securities (MBS) funded by electronic promissory notes (eNotes) will be eligible for the agency's Pools Issued for Immediate Transfer (PIIT) program, which allows approved Issuers to transfer eligible pools at issuance under the agency's Co-Issue program.

Through the PIIT program, approved Ginnie Mae Issuers may transfer Issuer responsibility for eligible newly issued pools or loan packages at the time of issuance, supporting greater operational flexibility while maintaining program oversight and eligibility requirements.

Ginnie Mae's Digital Collateral program has grown significantly since its launch​. Currently, more than $102 billion in outstanding Ginnie Mae MBS are backed by eNotes, with 47 approved eIssuers participating in the program nationwide.

“The expansion of the Digital Collateral program to the PIIT program will promote wider adoption of digital lending by providing increased flexibility to eIssuers,“ said Ginnie Mae President Joseph Gormley.

Effective for issuances dated February 1, 2026, and thereafter, PIIT transfers may contain eNote collateral.

To issue through the PIIT program, eIssuers must comply with:

• Section 6600 of the Ginnie Mae Digital Collateral Program Guide (Appendix V-09) and
• Chapter 10 of the Ginnie Mae Mortgage-Backed Securities Guide (MBS Guide).

Section 6600 of the Ginnie Mae Digital Collateral Program Guide provides specific guidance for eIssuers on the general program requirements, restrictions of the program, MERS eRegistry updates, and PIIT transfers that require a transfer of custodial responsibility.

Issuers with questions regarding this announcement, please contact your account executive or mortgage banking analyst in the Office of Issuer and Portfolio Management or Ginnie Mae's centralized help desk at askGinnieMae@hud.gov.
 

About Ginnie Mae
​​Ginnie Mae is a wholly government-owned 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 U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development's Office of Public and Indian Housing, and the U.S. Department of Agriculture's Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the U.S. Government. Additional information about Ginnie Mae is available at www.ginniemae.gov and on X, YouTube, Facebook, and LinkedIn.