In All Participants Memorandum (APM) 12-02, Issuance of Multiple Issuer Pools (MIPs), dated February 7, 2012, Ginnie Mae announced that both CUSIP and pool number information would be published, in advance, on the Ginnie Mae website. In addition to the current month’s MIP activity, advance publication will include CUSIP information for expected interest rates for the upcoming three months. The information will be published by pool term, pool type and security interest rate. This enhancement is effective for all securities with an April 1, 2012 issue date, and thereafter. Publishing the CUSIP and pool numbers in advance will improve Issuers’ ability to manage their loan pipeline and MIP loan package submissions prior to the finalization of the pool.
Effective for June 2012 issuance activity and thereafter, in addition to publishing the information described above, Ginnie Mae will also be populating and publishing, throughout the month, accumulated MIP activity (dollar amount and number of loans) by pool term, pool type and security interest rate. The information provided will apply to issuance activity taking place during the month of issuance. It is expected that this disclosure will provide Issuers and investors additional insight into the term, type and size of MIPs in process during that month. Users are reminded that the information being provided throughout the month is dynamic and can change from one day to the next, and will likely continue to change until finalization occurs during end of month processing. To that end, the final list will be published on the third business day prior to the last business day of the month.
For further assistance, Issuers should contact their GinnieMae Account Executive in the Office of Mortgage-Backed Securities at 202-475-1535. |