As previously announced in APM 22-02 and APM 23-08, Ginnie Mae will complete the transition of Single Family [Forward] and Manufactured Housing Program pooling from GinnieNET to the new Single Family Pool Delivery Module (SFPDM) in MyGinnieMae on December 1, 2023. Since SFPDM became available to all Single Family and Manufactured Housing Issuers in April 2022, Ginnie Mae has monitored and supported the transition of Issuers to ensure smooth business operations in the adoption process. Following December 1, 2023, SFPDM will be the only application available for Single Family and Manufactured Housing pooling. HECM Issuers will continue pooling in GinnieNET.
As part of this transition to SFPDM, paper pooling for the Single Family and Manufactured Housing Programs will no longer be allowed and Issuers will have to complete all their pooling activities electronically. Paper pooling option will remain available for the Multifamily Program. For more information on changes following December 1, 2023, refer to Modernization Bulletin #30.
To align with the December 1, 2023 GinnieNET cutover of Single Family and Manufactured Housing Pooling functions, Ginnie Mae is implementing updates to the Mortgage-Backed Securities Guide 5500.3, Rev-1 (“MBS Guide”) to ensure that its policies and operational requirements are clearly and accurately reflected for Issuers. The MBS Guide chapters and appendices being revised by this announcement are listed below. The Glossary of the MBS Guide has also been updated accordingly. All updates are effective on December 1, 2023.
MBS Guide Chapter
| Chapter 4
| Issuer and Subservicers - Responsibilities
| Chapter 7
| Application for Approval as a Ginnie Mae Issuer
| Chapter 10
| Assembling and Submitting Pool and Loan Package Issuance Documents
| Chapter 12
| The Prospectus, Securities, and Securities Marketing
| Chapter 13
| Document Custodians - Eligibility and Responsbilities
| Chapter 18
| Mortgage Delinquency and Default
| Chapter 24
| Single-Family, Level Payments Pools, and Loan Packages
| Chapter 25
| Buydown Mortgage Pools
| Chapter 26
| Adjustable-Rate Mortgage Pools and Loan Packages
| Chapter 30
| Manufactured Home Loan Pools and Loan Packages
| Chapter 33
| Ginnie Mae Initiatives
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MBS Guide Appendix | App. III-06
| Scheduled of Subscribers and Ginnie Mae Guaranty Agreement
| HUD-11705 | App. III-07
| Schedule of Pooled Mortgages
| HUD-11706 | App. III-13
| Ginnie Mae Electronic Data Interchange System Agreement
| App. IV-04
| Prospectus - Ginnie Mae I MBS (Single-Family Mortgages)
| HUD-11717 | App. IV-07
| Prospectus - Ginnie Mae I Mortgage-Backed Serial Notes (Single-Family Mortgages)
| HUD-1734 | App. IV-20
| Prospectus - Ginnie Mae II (Single-Family Mortgages)
| HUD-11717-II | App. IV-21
| Prospectus - Ginnie Mae II (Adjustable Rate Mortgages)
| HUD-11772-II | App. IV-24
| Prospectus - Ginnie Mae II (Manufactured Home Loans)
| HUD-11728-II | App. V-03, Ch. 3
| Document Custodian Manual Chapter 3: Single-Family Pools
| App. VI-19
| RFS Issuer Monthly Report of Pool and Loan Data
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For questions and additional information regarding the transition to SFPDM, please contact askGinnieMae@hud.gov.
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