This is a single-family/residential course.
MBA Education is dedicated to accommodating today's busy professional by offering short, accessible learning programs that can be completed in less than an hour. Content in this course is derived from Essentials of Investor Reporting, which is no longer available for retail purchase.
The focus of Investor Reporting Requirements: Ginnie Mae is on Ginnie Mae's investor reporting requirements. We will introduce you to terms and specific data requirements to ensure successful monthly reporting and reconciliation to Ginnie Mae. Let's begin with a quick overview of Ginnie Mae's history.
The Government National Mortgage Association (GNMA), also known as Ginnie Mae, was created in 1968 as an amendment to Title III of the National Housing Act. Ginnie Mae is a wholly owned corporate instrumentality of the United States within the Department of Housing and Urban Development (HUD). Through its Mortgage-Backed Securities (MBS) program, Ginnie Mae guarantees securities backed by pools of mortgages that are issued by approved mortgage lenders and insured or guaranteed by certain institutions.
The Ginnie Mae guaranty assures timely payment of principal and interest on the securities. This guaranty is backed by the full faith and credit of the U.S. government.
- Communication with Ginnie Mae
- Reporting to Ginnie Mae
- Servicing Transfers
Seat time approximately one (1) hour.