Wells Fargo has notified Ginnie Mae that its September Remaining Principal Balance (RPB) reporting included one additional day of unscheduled principal payments beyond their normal first business day of the month cut-off for the Ginnie Mae-guaranteed pools that have been issued by Wells Fargo. Ginnie Mae has posted on its website a file provided by Wells Fargo that identifies the affected pools and the amount of unscheduled activity as a result of the one additional day that’s included in the September report period. Wells Fargo has confirmed to Ginnie Mae that its October RPB reporting will revert to its normal first business day of the month report cutoff.
For additional information, please contact Ted Foster at Wells Fargo at 612.312.6747 or theodore.b.foster@wellsfargo.com.