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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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How does an issuer update a Ginnie Mae prospectus after the pool is issued?
 
What is required to process a Construction Loan Pool to a Project Loan Pool?
 
If 515 funds are associated with a construction loan to permanent loan deal, is it still eligible for a Ginnie Mae security?
 
What documents are required for an initial draw?
 
What documents or special approvals are required at conversion?
 
An issuer received instructions from FHA for titling of the special escrow account that is different than the titling per form HUD-11720.  Will this become an issue during a compliance review?
 
What documentation do issuers need to provide for P&I Custodial account deposits selected for an upcoming compliance review?
 
What documentation do issuers need to provide for Reserve for Replacement custodial disbursements selected for an upcoming compliance review?
 
What documentation is required for Prepayment Penalties for liquidations?
 
What is required when changing Document Custodians for Multifamily pools?