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Frequently Asked Questions (FAQs)​

This FAQ is for summary purposes only. All terms and conditions of the MBS Program are in the applicable Guaranty Agreement and the Guide. Where there is any inconsistency between this FAQ and the applicable Guaranty Agreement or the Guide, the provisions of the applicable Guaranty Agreement or the Guide will govern.
 
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Do the eight new data elements apply to the HMBS program?
 
Can Ginnie Mae please provide an IT contact person that can provide assistance to our IT departments?
 
Is the Upfront MIP amount the one-time total MIP amount?
 
Is the Annual MIP amount the 1st renewal MIP? 
 
If multiple credit scores are provided, which credit score should we report?
 
When reporting LTV are we to report the original LTV or the LTV at delivery?
 
Where can I find the recent changes to RFS monthly reporting layouts?
 
For RFS Various Record reporting, does a correction to either the “Loan to Value” or the “Combined Loan To Value” fields require the reporting of both fields?
 
Does a correction to the “Loan Purpose” field to a value of ‘2’ also require reporting of a value in “Refinance Type” on the Various Record?
 
Does a correction to the “Refinance Type” field require reporting of the “Loan Purpose” field regardless if that value is changing or not?