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GINNIE MAE 5500.3, REV. 1 OMB APPROVAL NO. 2503-0033 (EXP. 12/31/2013) APPENDIX III-13 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION ELECTRONIC DATA INTERCHANGE SYSTEM AGREEMENT Public reporting for this.

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Effective September 30, 2023, the minimum Net Worth requirement for all institutions seeking approval as Ginnie Mae single-family Issuers (“SF Applicants”) will be $2.5mm “plus 0.25% (25 basis points) of the applicant's total Government-Sponsored Enterprise (“GSE” or “Enterprise”) single-family outstanding servicing ...

With Ginnie Mae, the bank-based issuers are held responsible for the timely payments of principal and interest, although they are able to achieve the same capital reduction. Such a responsibility would generally cause bank regulators to treat the loans as if they were still on a bank's books.

For Issuers approved to participate in the Multifamily program for MBS backed by multifamily construction or permanent loans, the minimum net worth requirements are: $1,000,000 plus one percent (100 basis points) of the total effective Multifamily outstanding obligations in excess of $25 million up to $175 million, ...

‭‬ Eligibility Requirements Issuers must possess demonstrated experience and management capacity in the underwriting, origination, and servicing of mortgage loans. Issuers may utilize a Ginnie Mae approved sub-servicer; however, the Issuer must have an individual on its staff to oversee the sub-servicer's performance.

Ginnie Mae I MBS are modified pass-through mortgage-backed securities on which registered holders receive separate principal and interest payments on each of their certificates. The underlying mortgages generally have the same or similar maturities and the same interest rate on the mortgages.

There are two pools of Ginnie Mae pass-through securities generating income: Ginnie Mae I and Ginnie Mae II. Ginnie Mae I, or GNMA I MBS, is composed of mortgages that pay principal and interest on the fifteenth of every month, while the Ginnie Mae II, or GNMA II MBS, does the same on the twentieth of every month.

Ginnie Mae guarantees FHA loans, VA loans, USDA loans and the Section 184 loan program to help facilitate Native American homeownership. Fannie Mae and Freddie Mac are GSEs that have government backing, but they're not government entities themselves. They buy conventional loans.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232