Ginnie Mae All Participants Memorandum APM 26-02 — Clarification of Pooling Eligibility for Mortgages Subject to Beneficial Interes

gnma-apm-26-02

Ginnie Mae All Participants Memorandum APM 26-02. Full verbatim text, substring-verified against snapshot 5754a946473d7fe0.

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Ginnie Mae All Participants Memorandum APM 26-02 — Clarification of Pooling Eligibility for Mortgages Subject to Beneficial Interes

Effective 2026-01-22 · publisher's stamp for this provision

January 22, 2026 APM 26-02 MEMORANDUM FOR: All Participants in Ginnie Mae Programs FROM: Joseph M. Gormley, President SUBJECT: Clarification of Pooling Eligibility for Mortgages Subject to Beneficial Interest Ginnie Mae reminds Issuers of their ongoing obligation to comply with the Mortgage-Backed Securities Guide, 5500.3, Rev.1 (MBS Guide), including the limitation against encumbrances on mortgages backing Ginnie Mae securities. Therefore, Issuers are prohibited from pooling any mortgages subject to beneficial interest, or selling a beneficial interest in mortgages pooled in a Ginnie Mae mortgage-backed security. In accordance with Chapter 9 Part 2 §F of the MBS Guide, any encumbrance must be extinguished prior to pooling and Issuers must complete the Certification and Agreement, form HUD-11711B, and if necessary, a HUD-11711A, certifying that only Ginnie Mae will have any ownership interest in and to the pooled mortgages. Ginnie Mae has modified Chapter 9 Part 2 §F of the MBS Guide consistent with this announcement. If you have any questions regarding this announcement, please contact your Account Executive in the Office of Issuer and Portfolio Management or contact Ginnie Mae’s centralized help desk at askGinnieMae@hud.gov.

Source: Ginnie Mae All Participants Memorandum APM 26-02 — Clarification of Pooling Eligibility for Mortgages Subject to Beneficial Interes · source URL · snapshot 5754a946473d7fe0

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Source of record: https://claudeforcompliance.com/regs/gnma-apm-26-02/ · register gnma-apm-26-02 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.