Ginnie Mae MBS Guide Chapter 3 — Maintaining Ginnie Mae Issuer Status

gnma-mbs-ch03

GNMA MBS Guide Chapter 3 — continuing Issuer-approval requirements (FHA/VA/RD/PIH good-standing maintenance, fidelity bond and E&O upkeep, annual audited financials via GMC within 90 days of fiscal year end, monthly/quarterly MBFRF financial reporting, financial requirements).

Get this register: .xlsx .csv More bundles →

source:
  type: regulation
  id: gnma-mbs-ch03
  authority: Ginnie Mae MBS Guide Chapter 3 — Maintaining Ginnie Mae Issuer Status
  description: |
    GNMA MBS Guide Chapter 3 — continuing Issuer-approval requirements
    (FHA/VA/RD/PIH good-standing maintenance, fidelity bond and E&O upkeep,
    annual audited financials via GMC within 90 days of fiscal year end,
    monthly/quarterly MBFRF financial reporting, financial requirements).
obligations:
  - id: gnma-mbs-ch03-fha-good-standing-maintain
    canonical_id: gnma-mbs-ch03-fha-good-standing-maintain
    section: Ginnie Mae MBS Guide Ch. 3, Part 2 — Insuring or Guaranty Agency Approval
    description: |
      An approved [ISSUER] must remain an FHA-approved mortgagee in good
      standing at all times. Suspension or withdrawal of FHA mortgagee
      approval constitutes an event of default by the Issuer under the
      applicable Guaranty Agreement.
    type: do
    audit_question: Can [ISSUER] evidence that it remained an FHA-approved mortgagee in good standing at all times during the reporting period, and that no FHA suspension or withdrawal was in effect?
    program_review: Does the program ensure the Issuer remains an FHA-approved mortgagee in good standing at all times (suspension/withdrawal = event of default under the Guaranty Agreement)?
    file_review: Confirm FHA good standing was continuous through the period, with no suspension/withdrawal in effect.
    judgment: false
    feeds: []
    workflow_phase: governance
    owner_role: compliance_officer
    secondary_owner_role: executive
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch03
      - fha-approval
      - continuing-eligibility
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 3, Part 2 — Insuring or Guaranty Agency Approval
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_03.pdf
      snapshot_id: c57022d5ca472e2a
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:1b0ae6c5ac8fbab372c869db80f639971db5c9fdf4c7d3ad090e3d65abb10a5a
      paragraph_quote: An Issuer must remain an FHA approved mortgagee in good standing at all times.
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 3 snapshot c57022d5ca472e2a at 2026-05-23.
    promoted_at: '2026-05-23T01:32:21+00:00'
    promoted_from: gnma-mbs-ch03-roundb-v1.yaml
  - id: gnma-mbs-ch03-annual-audited-financials-90-days
    canonical_id: gnma-mbs-ch03-annual-audited-financials-90-days
    section: Ginnie Mae MBS Guide Ch. 3, Part 7, Section A — Annual Audited Financial Statements
    description: |
      [ISSUER] must, within 90 days after the end of its fiscal year,
      submit its annual audited financial statements electronically via
      the Financials module of Ginnie Mae Central (GMC). The statements
      must be prepared by an independent auditor in accordance with the
      HUD Consolidated Audit Guide and applicable GAAP, with the audit
      reports and schedules described in Chapter 3 Part 7 Section A.
    type: do
    audit_question: Can [ISSUER] evidence that its annual audited financial statements were submitted via the GMC Financials module within 90 days after the end of its fiscal year, in the form and content required by Chapter 3, Part 7, Section A?
    program_review: Does the program ensure annual audited financial statements are submitted via the GMC Financials module within 90 days after fiscal year-end, prepared by an independent auditor per the HUD Consolidated Audit Guide and applicable GAAP with the required reports/schedules?
    file_review: Confirm the audited financials were submitted via GMC within 90 days of fiscal year-end in the form/content required by Ch. 3 Part 7 Section A.
    judgment: false
    feeds: []
    workflow_phase: governance
    owner_role: compliance_officer
    secondary_owner_role: executive
    cadence: annual
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch03
      - annual-audited-financials
      - gmc-submission
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 3, Part 7, Section A — Annual Audited Financial Statements
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_03.pdf
      snapshot_id: c57022d5ca472e2a
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:1b0ae6c5ac8fbab372c869db80f639971db5c9fdf4c7d3ad090e3d65abb10a5a
      paragraph_quote: 'Within 90 days after the end of the Issuer’s fiscal year, the annual audited financial statements '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 3 snapshot c57022d5ca472e2a at 2026-05-23.
    promoted_at: '2026-05-23T01:32:21+00:00'
    promoted_from: gnma-mbs-ch03-roundb-v1.yaml
  - id: gnma-mbs-ch03-report-embezzlement-or-fraud
    canonical_id: gnma-mbs-ch03-report-embezzlement-or-fraud
    section: Ginnie Mae MBS Guide Ch. 3, Part 6, Section E — Report of Embezzlement, Fraud, or Claims
    description: |
      [ISSUER] must promptly advise Ginnie Mae's Office of Issuer & Portfolio
      Management of each case of embezzlement or fraud in its organization
      involving over $1,000 and of the total amount of the loss, whether or
      not the Issuer submits an insurance claim.
    type: do
    audit_question: Can [ISSUER] evidence prompt advisory to Ginnie Mae’s Office of Issuer & Portfolio Management of each embezzlement-or-fraud case in its organization involving over $1,000, including the total amount of loss, whether or not an insurance claim was submitted?
    program_review: Does the program ensure each embezzlement/fraud case over $1,000 is promptly advised to Ginnie Mae's Office of Issuer & Portfolio Management with the total loss amount, whether or not an insurance claim is submitted?
    file_review: For any embezzlement/fraud over $1,000, confirm prompt advisory to OIPM with the total loss amount.
    judgment: false
    feeds: []
    workflow_phase: governance
    owner_role: compliance_officer
    secondary_owner_role: executive
    cadence: per-incident
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch03
      - embezzlement
      - fraud-reporting
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 3, Part 6, Section E — Report of Embezzlement, Fraud, or Claims
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_03.pdf
      snapshot_id: c57022d5ca472e2a
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:1b0ae6c5ac8fbab372c869db80f639971db5c9fdf4c7d3ad090e3d65abb10a5a
      paragraph_quote: The Issuer must promptly advise Ginnie Mae
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 3 snapshot c57022d5ca472e2a at 2026-05-23.
    promoted_at: '2026-05-23T01:32:21+00:00'
    promoted_from: gnma-mbs-ch03-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:36+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch03-roundb-v1.yaml
    candidates_promoted: 0
    candidates_skipped_existing: 0
  - promoted_at: '2026-05-23T01:32:21+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch03-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 3 — Maintaining Ginnie Mae Issuer Status — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Ginnie Mae MBS Guide Ch. 3, Part 2 — Insuring or Guaranty Agency Approval

An Issuer must remain an FHA approved mortgagee in good standing at all times.

Source: Ginnie Mae MBS Guide Chapter 3, Part 2 — Insuring or Guaranty Agency Approval · source URL · snapshot c57022d5ca472e2a

Ginnie Mae MBS Guide Ch. 3, Part 7, Section A — Annual Audited Financial Statements

Within 90 days after the end of the Issuer’s fiscal year, the annual audited financial statements

Source: Ginnie Mae MBS Guide Chapter 3, Part 7, Section A — Annual Audited Financial Statements · source URL · snapshot c57022d5ca472e2a

Ginnie Mae MBS Guide Ch. 3, Part 6, Section E — Report of Embezzlement, Fraud, or Claims

The Issuer must promptly advise Ginnie Mae

Source: Ginnie Mae MBS Guide Chapter 3, Part 6, Section E — Report of Embezzlement, Fraud, or Claims · source URL · snapshot c57022d5ca472e2a