To provide issuers of HECM Mortgage-Backed Securities with additional guidance related to monthly and annual reporting obligations, Ginnie Mae published its HMBS Investor Reporting Manual. Issuers were notified of the manual in All Participant Memorandum 19-07 published on December 31, 2019.
Ginnie Mae also noted in APM 19-07 that it was revising Chapter 35 of the MBS Guide to provide expanded guidance in accordance with the content of the newly published manual. The MBS Guide changes become effective on April 1, 2020 and will be reflected in an updated version of Chapter 35 published at that time. To read APM 19-07, visit GinnieMae.gov.