Ginnie Mae MBS Guide Chapter 18 — Mortgage Delinquency and Default

gnma-mbs-ch18

GNMA MBS Guide Chapter 18 — delinquent and defaulted-mortgage servicing duties (no removal of loans from pools / loan packages without Ginnie Mae's written permission, permitted buyout pathways, prohibition on modifying pooled-loan terms affecting amount or duration, Re-Performing Loan restrictions, SF / MH delinquency rate thresholds, sanctions).

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source:
  type: regulation
  id: gnma-mbs-ch18
  authority: Ginnie Mae MBS Guide Chapter 18 — Mortgage Delinquency and Default
  description: |
    GNMA MBS Guide Chapter 18 — delinquent and defaulted-mortgage servicing
    duties (no removal of loans from pools / loan packages without Ginnie
    Mae's written permission, permitted buyout pathways, prohibition on
    modifying pooled-loan terms affecting amount or duration, Re-Performing
    Loan restrictions, SF / MH delinquency rate thresholds, sanctions).
obligations:
  - id: gnma-mbs-ch18-no-loan-removal-without-permission
    canonical_id: gnma-mbs-ch18-no-loan-removal-without-permission
    section: Ginnie Mae MBS Guide Ch. 18, Part 2 — Removal of Loans from Pools and Loan Packages
    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 delinquent or defaulted 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 balance reduced, except with Ginnie Mae's written permission or a specifically authorized Guaranty Agreement/Guide reason?
    file_review: Review removal/balance-reduction events; confirm written permission or specific authorization for each.
    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
      - ch18
      - no-removal
      - default
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 18, Part 2 — Removal of Loans from Pools and Loan Packages
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_18.pdf
      snapshot_id: 8ec38aa5ea839d0f
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:4bed306519b3f3cb6292c0faf1bcd674dc97daf1f2eb6b122b9ca95876a9fb06
      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 18 snapshot 8ec38aa5ea839d0f at 2026-05-23.
    promoted_at: '2026-05-23T01:32:24+00:00'
    promoted_from: gnma-mbs-ch18-roundb-v1.yaml
  - id: gnma-mbs-ch18-no-modify-pooled-loan-terms
    canonical_id: gnma-mbs-ch18-no-modify-pooled-loan-terms
    section: Ginnie Mae MBS Guide Ch. 18, Part 3, Section B(4) — Prohibition on Modification of Pooled Loans
    description: |
      [ISSUERS] are prohibited from modifying the terms of loans held in
      Ginnie Mae pools that affect the amount or duration of loan payments.
    type: dont
    audit_question: Can [ISSUER] evidence that no loan held in a Ginnie Mae pool was modified in a manner that affects the amount or duration of loan payments while the loan remained in the pool?
    program_review: Does the program ensure no pooled loan is modified in a way that affects the amount or duration of loan payments while it remains in the pool?
    file_review: Confirm no in-pool loan was modified affecting payment amount/duration while still pooled.
    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
      - ch18
      - no-modification
      - pooled-loans
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 18, Part 3, Section B(4) — Prohibition on Modification of Pooled Loans
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_18.pdf
      snapshot_id: 8ec38aa5ea839d0f
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:4bed306519b3f3cb6292c0faf1bcd674dc97daf1f2eb6b122b9ca95876a9fb06
      paragraph_quote: 'Issuers are prohibited from modifying the terms of loans held in Ginnie Mae pools that '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 18 snapshot 8ec38aa5ea839d0f at 2026-05-23.
    promoted_at: '2026-05-23T01:32:24+00:00'
    promoted_from: gnma-mbs-ch18-roundb-v1.yaml
  - id: gnma-mbs-ch18-acceptable-delinquency-rates
    canonical_id: gnma-mbs-ch18-acceptable-delinquency-rates
    section: Ginnie Mae MBS Guide Ch. 18, Part 3, Section C — Acceptable Delinquency Rates
    description: |
      [ISSUERS] must maintain delinquency rates on outstanding pools and
      loan packages below the threshold levels described in Chapter 18
      Part 3 Section C. Data used to measure delinquency rates will come
      from the RFS Issuer Monthly Report of Pool and Loan Data
      (Appendix VI-19).
    type: monitor
    audit_question: For every reporting period, can [ISSUER] evidence delinquency rates (DQ3+, DQ2+, DQP) on outstanding pools and loan packages below the applicable Chapter 18 Part 3 Section C threshold levels, computed from the RFS Issuer Monthly Report of Pool and Loan Data (Appendix VI-19)?
    program_review: Does the program ensure delinquency rates on outstanding pools/loan packages stay below the Chapter 18 Part 3 Section C thresholds, measured from the RFS Issuer Monthly Report of Pool and Loan Data?
    file_review: For each period, confirm DQ3+/DQ2+/DQP rates were below the Section C thresholds per the RFS report.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: monthly
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch18
      - delinquency-thresholds
      - sanctions-exposure
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 18, Part 3, Section C — Acceptable Delinquency Rates
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_18.pdf
      snapshot_id: 8ec38aa5ea839d0f
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:4bed306519b3f3cb6292c0faf1bcd674dc97daf1f2eb6b122b9ca95876a9fb06
      paragraph_quote: 'Issuers must maintain delinquency rates on outstanding pools and loan packages below the '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 18 snapshot 8ec38aa5ea839d0f at 2026-05-23.
    promoted_at: '2026-05-23T01:32:24+00:00'
    promoted_from: gnma-mbs-ch18-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:39+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch18-roundb-v1.yaml
    candidates_promoted: 0
    candidates_skipped_existing: 0
  - promoted_at: '2026-05-23T01:32:24+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch18-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 18 — Mortgage Delinquency and Default — 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. 18, Part 2 — Removal of Loans from Pools and Loan Packages

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

Source: Ginnie Mae MBS Guide Chapter 18, Part 2 — Removal of Loans from Pools and Loan Packages · source URL · snapshot 8ec38aa5ea839d0f

Ginnie Mae MBS Guide Ch. 18, Part 3, Section B(4) — Prohibition on Modification of Pooled Loans

Issuers are prohibited from modifying the terms of loans held in Ginnie Mae pools that

Source: Ginnie Mae MBS Guide Chapter 18, Part 3, Section B(4) — Prohibition on Modification of Pooled Loans · source URL · snapshot 8ec38aa5ea839d0f

Ginnie Mae MBS Guide Ch. 18, Part 3, Section C — Acceptable Delinquency Rates

Issuers must maintain delinquency rates on outstanding pools and loan packages below the

Source: Ginnie Mae MBS Guide Chapter 18, Part 3, Section C — Acceptable Delinquency Rates · source URL · snapshot 8ec38aa5ea839d0f