Ginnie Mae is pleased to announce revisions to the Document Custody Manual (Manual), Appendix V-1 to the Mortgage-Backed Securities Guide, 5500.3, Rev. 1 (MBS Guide). The Manual provides the requirements and procedures for Document Custodians as well as the specific requirements for the collateral documents themselves. Issuers and Document Custodians will be required to comply with this updated version of the Manual for pools issued on January 1, 2016 and thereafter.
Key changes to the Manual are highlighted in Attachment A. The items listed in Attachment A are highlights only and do not constitute a comprehensive list of all updates to the Manual. Please note that the Manual is being published without a Chapter 9, Frequently Asked Questions (FAQs). The guidance provided previously in the FAQs has been incorporated into the relevant chapters of this Manual. Ginnie Mae will develop a new set of FAQs based on questions received from Issuers and Document Custodians, which will be published as Chapter 9 at a future date. If you have questions regarding the revised Manual, please email them to GinnieMaeDocCustody@hud.gov.
If you have any questions regarding this announcement, please contact your Account Executive in the Office of Issuer and Portfolio Management directly or at (202) 708-1535. |