Ginnie Mae MBS Guide Chapter 14 — Pool and Loan Package Administration: General

gnma-mbs-ch14

GNMA MBS Guide Chapter 14 — pool / loan-package administration servicing standards hierarchy, life-of-pool record keeping, security-holder payment duty, custodial-account requirements, delinquency / defective- loan handling, fire and extended insurance, IRS reporting, conflict of interest, audit access, pool maturity / termination.

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source:
  type: regulation
  id: gnma-mbs-ch14
  authority: 'Ginnie Mae MBS Guide Chapter 14 — Pool and Loan Package Administration: General'
  description: |
    GNMA MBS Guide Chapter 14 — pool / loan-package administration servicing
    standards hierarchy, life-of-pool record keeping, security-holder
    payment duty, custodial-account requirements, delinquency / defective-
    loan handling, fire and extended insurance, IRS reporting, conflict
    of interest, audit access, pool maturity / termination.
obligations:
  - id: gnma-mbs-ch14-servicing-standards
    canonical_id: gnma-mbs-ch14-servicing-standards
    section: Ginnie Mae MBS Guide Ch. 14, Part 2 — Servicing Standards
    description: |
      [ISSUER] must service pooled mortgages and mortgages related to
      pooled Participations in accordance with (A) any applicable FHA,
      VA, RD, or PIH regulation or requirement, (B) to the extent not
      inconsistent with (A), this Guide as amended or supplemented from
      time to time and any applicable statute implemented or instruction
      issued by Ginnie Mae, and (C) to the extent not inconsistent with
      (A) or (B), practices generally accepted in the mortgage lending
      and servicing industries.
    type: do
    audit_question: 'For every pooled mortgage [ISSUER] services, can [ISSUER] evidence servicing in accordance with the Chapter 14 Part 2 hierarchy: (A) applicable FHA/VA/RD/PIH regulation or requirement, (B) the Guide and Ginnie Mae statutes/instructions, then (C) accepted industry practices?'
    program_review: Does the program ensure pooled mortgages are serviced per the Chapter 14 hierarchy — (A) applicable FHA/VA/RD/PIH regulation, then (B) the Guide and Ginnie Mae statutes/instructions, then (C) accepted industry practices?
    file_review: Sample serviced pooled loans; confirm servicing followed the (A)-(B)-(C) hierarchy. The compliance person judges whether industry-practice fallbacks were appropriately applied.
    judgment: true
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch14
      - servicing-standards
      - hierarchy
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 14, Part 2 — Servicing Standards
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_14.pdf
      snapshot_id: 36dc5101bc24aea4
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:54085e364d63da7f6dfa745ab714eeaa8fd78d5f9337501ae993b426bbde90ca
      paragraph_quote: 'An Issuer must service pooled mortgages and mortgages related to pooled Participations in '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 14 snapshot 36dc5101bc24aea4 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:23+00:00'
    promoted_from: gnma-mbs-ch14-roundb-v1.yaml
  - id: gnma-mbs-ch14-no-removal-without-permission
    canonical_id: gnma-mbs-ch14-no-removal-without-permission
    section: Ginnie Mae MBS Guide Ch. 14, Part 2 — Servicing Standards
    description: |
      No [ISSUER] or subcontract servicer may, without the written
      permission of Ginnie Mae, remove a loan, whether pursuant to a
      substitution or otherwise, from a pool or loan package or reduce a
      balance on a pooled loan for any reason not specifically authorized
      in the applicable Guaranty Agreement or in this Guide.
    type: dont
    audit_question: Can [ISSUER] evidence that no loan was removed (by substitution or otherwise) from a pool or loan package, and no pooled-loan balance reduced, except (i) with Ginnie Mae’s written permission or (ii) for a reason specifically authorized in the applicable Guaranty Agreement or this Guide?
    program_review: Does the program ensure no loan is removed (by substitution or otherwise) from a pool/loan package and no pooled-loan balance reduced, except with Ginnie Mae's written permission or for a reason specifically authorized in the Guaranty Agreement or Guide?
    file_review: Review pool-removal and balance-reduction events; confirm each had written permission or specific Guaranty Agreement/Guide authorization.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch14
      - loan-removal-prohibition
      - prior-approval
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 14, Part 2 — Servicing Standards
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_14.pdf
      snapshot_id: 36dc5101bc24aea4
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:54085e364d63da7f6dfa745ab714eeaa8fd78d5f9337501ae993b426bbde90ca
      paragraph_quote: 'No Issuer or subcontract servicer may, without the written permission of Ginnie Mae, remove a '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 14 snapshot 36dc5101bc24aea4 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:23+00:00'
    promoted_from: gnma-mbs-ch14-roundb-v1.yaml
  - id: gnma-mbs-ch14-record-retention-life-of-pool
    canonical_id: gnma-mbs-ch14-record-retention-life-of-pool
    section: Ginnie Mae MBS Guide Ch. 14, Part 3 — Record Keeping
    description: |
      [ISSUER] must retain records for each pool or loan package of
      mortgages for the life of the pool or loan package. These records
      must accurately reflect the application of each monthly installment,
      amounts paid directly to security holders of certificated Ginnie Mae
      I MBS, amounts made available to the depository for book-entry
      Ginnie Mae I MBS, and to the CPTA for Ginnie Mae II MBS payments,
      and any unrecovered advances. Failure to maintain all required
      records will constitute an act of mismanagement and grounds for
      Ginnie Mae to declare [ISSUER] in default.
    type: do
    audit_question: Can [ISSUER] evidence retention, for the life of each pool or loan package, of records accurately reflecting the application of each monthly installment, amounts paid to certificated Ginnie Mae I MBS security holders, amounts made available to the depository for book-entry Ginnie Mae I MBS, amounts made available to the CPTA for Ginnie Mae II MBS, and unrecovered advances?
    program_review: Does the program ensure records are retained for the life of each pool/loan package, accurately reflecting application of each monthly installment, amounts paid to certificated GM I holders, amounts to the depository for book-entry GM I, amounts to the CPTA for GM II, and unrecovered advances?
    file_review: Sample pools; confirm life-of-pool record retention covering installment application, holder/depository/CPTA payments, and unrecovered advances.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch14
      - record-keeping
      - life-of-pool
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 14, Part 3 — Record Keeping
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_14.pdf
      snapshot_id: 36dc5101bc24aea4
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:54085e364d63da7f6dfa745ab714eeaa8fd78d5f9337501ae993b426bbde90ca
      paragraph_quote: 'The Issuer must retain records for each pool or loan package of mortgages for the life of the '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 14 snapshot 36dc5101bc24aea4 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:23+00:00'
    promoted_from: gnma-mbs-ch14-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:38+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch14-roundb-v1.yaml
    candidates_promoted: 0
    candidates_skipped_existing: 0
  - promoted_at: '2026-05-23T01:32:23+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch14-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 14 — Pool and Loan Package Administration: General — 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. 14, Part 2 — Servicing Standards

An Issuer must service pooled mortgages and mortgages related to pooled Participations in

Source: Ginnie Mae MBS Guide Chapter 14, Part 2 — Servicing Standards · source URL · snapshot 36dc5101bc24aea4

Ginnie Mae MBS Guide Ch. 14, Part 2 — Servicing Standards

No Issuer or subcontract servicer may, without the written permission of Ginnie Mae, remove a

Source: Ginnie Mae MBS Guide Chapter 14, Part 2 — Servicing Standards · source URL · snapshot 36dc5101bc24aea4

Ginnie Mae MBS Guide Ch. 14, Part 3 — Record Keeping

The Issuer must retain records for each pool or loan package of mortgages for the life of the

Source: Ginnie Mae MBS Guide Chapter 14, Part 3 — Record Keeping · source URL · snapshot 36dc5101bc24aea4