GNMA Issues NBS and Set-Aside Guidelines

Starting April 1, HMBS issuers must document Eligible Non-Borrowing Spouses and property charge set-asides at the time of pooling, according to All Participants Memorandum 15-01, which Ginnie Mae published on January 22.

Ginnie Mae has created new data fields to capture this information.

In a separate APM (15-02), Ginnie Mae made some minor corrections to several existing data fields pertaining to interest rate caps and payment plan options.

Download APM 15-01
Download APM 15-02