Gnma custodial manual

 · Ginnie Mae has announced revisions to the Document Custody Manual which appears in the Mortgage-Backed Securities Guide. The revised Manual, Appendix V-1, provides the requirements and procedures for Document Custodians as well as the specific requirements relating to the loan documents that serve as collateral for securitized pools of www.doorway.ruted Reading Time: 2 mins. As it relates to the compliance requirement, Review of Custodial Documents, Ginnie Mae has also communicated to [ABC Company] that Ginnie Mae will exempt [ABC Company’s] independent auditors from performing any onsite (or remote) procedures as outlined in the HUD Audit Guide (Chapter 6, Section 5, C.2) over the document custodian activities.  · MBS Guide Chapters. Chapter General Features of the Program. 10/29/ Chapter Eligibility Requirements - Approval as a Ginnie Mae Issuer. 7/28/ Chapter Eligibility Requirements - Maintaining Ginnie Mae Issuer Status.

Ginnie Mae approved document custodian, will need to take the following actions to compliant with Chapter 11, and other applicable provisions of the Ginnie Mae Guaranty Agreement and the MBS Guide (including the Document Custody Manual, Appendix V): (1) Cease delivering to BNYM all pool, loan package, loan documents and data. The servicer must follow the procedures in F, Establishing and Implementing Custodial Accounts for requirements for establishing, implementing, and monitoring custodial accounts and drafting arrangements. Also see A, Servicer's Duties and Responsibilities Related to MBS Mortgage Loans for additional information. Reference Guide is the first part of Ginnie Mae's implementation of the HMBS program. This guide is the precursor to changes of the Ginnie Mae Mortgage-Backed Securities Guide (Guide), Ginnie Mae's Accounting and Document Custodian Manuals, Master Agreements, and Guaranty Agreement. I

Document Custodians. Document Custodians provide critical services for loans owned or securitized by Fannie Mae. Learn more about the tools and resources we offer to assist in the certification and custody of collateral loan files consistent with our requirements. Selling Guide. Servicing Guide. as Document Custodian must segregate Mortgage Loan documents – Added that Document Custodian must use best efforts to obtain and track the Fannie Mae loan number for each Mortgage Loan. MBS Guide Chapters. Chapter General Features of the Program. 10/29/ Chapter Eligibility Requirements - Approval as a Ginnie Mae Issuer. 7/28/ Chapter Eligibility Requirements - Maintaining Ginnie Mae Issuer Status.