Ginnie Mae MBS Guide Chapter 21 — Transfer and Pledges

gnma-mbs-ch21

GNMA MBS Guide Chapter 21 — approval-and-documentation framework for transfers of custodial accounts, pledges of Servicing Income (sales prohibited, pledges subject to terms binding on Issuer-status loss), pledges of servicing rights (via Acknowledgment Agreement with Ginnie Mae prior written approval), subservicer transfers, and transfers of Issuer responsibility via PTS in MyGinnieMae.

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source:
  type: regulation
  id: gnma-mbs-ch21
  authority: Ginnie Mae MBS Guide Chapter 21 — Transfer and Pledges
  description: |
    GNMA MBS Guide Chapter 21 — approval-and-documentation framework for
    transfers of custodial accounts, pledges of Servicing Income (sales
    prohibited, pledges subject to terms binding on Issuer-status loss),
    pledges of servicing rights (via Acknowledgment Agreement with Ginnie
    Mae prior written approval), subservicer transfers, and transfers of
    Issuer responsibility via PTS in MyGinnieMae.
obligations:
  - id: gnma-mbs-ch21-pre-approval-of-transfer-or-pledge
    canonical_id: gnma-mbs-ch21-pre-approval-of-transfer-or-pledge
    section: Ginnie Mae MBS Guide Ch. 21, Part 2 — Approval by Ginnie Mae
    description: |
      Each transfer addressed in Chapter 21 (and in MBS Guide Ch. 35),
      and each pledge of servicing rights addressed in Chapter 21 Part 6,
      must first receive Ginnie Mae's prior written approval.
    type: do
    audit_question: For every Chapter 21 transfer (custodial account, subservicer, Issuer responsibility) and every Chapter 21 Part 6 pledge of servicing rights, can [ISSUER] evidence Ginnie Mae’s prior written approval before the transfer or pledge was effected?
    program_review: Does the program ensure each Chapter 21 transfer (custodial account, subservicer, Issuer responsibility) and each Part 6 pledge of servicing rights receives Ginnie Mae's prior written approval before effect?
    file_review: For each transfer/pledge, confirm Ginnie Mae's prior written approval predated the transaction.
    judgment: false
    feeds: []
    workflow_phase: governance
    owner_role: compliance_officer
    secondary_owner_role: executive
    cadence: per-transfer-or-pledge
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch21
      - prior-written-approval
      - transfer-pledge
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 21, Part 2 — Approval by Ginnie Mae
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_21.pdf
      snapshot_id: f134d7522acb1160
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:3f5784f943f8edea02cdd69162bb896f0471e8a457b91e024705b710060c59c0
      paragraph_quote: 'Each transfer addressed in this chapter and in MBS Guide. Ch. 35, and each pledge addressed '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 21 snapshot f134d7522acb1160 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:25+00:00'
    promoted_from: gnma-mbs-ch21-roundb-v1.yaml
  - id: gnma-mbs-ch21-no-sale-of-servicing-income
    canonical_id: gnma-mbs-ch21-no-sale-of-servicing-income
    section: Ginnie Mae MBS Guide Ch. 21, Part 5(3) — Prohibited Sales of Excess Servicing Income
    description: |
      Ginnie Mae does not permit [ISSUERS] to sell their Servicing Income.
    type: dont
    audit_question: Can [ISSUER] evidence that no Servicing Income (servicing spread plus ancillary income as defined in Chapter 21 Part 5) was sold during the reporting period?
    program_review: Does the program ensure no Servicing Income (servicing spread plus ancillary income) is sold?
    file_review: Review servicing-income transactions; confirm no Servicing Income was sold during the period.
    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
      - ch21
      - no-sale-servicing-income
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 21, Part 5(3) — Prohibited Sales of Excess Servicing Income
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_21.pdf
      snapshot_id: f134d7522acb1160
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:3f5784f943f8edea02cdd69162bb896f0471e8a457b91e024705b710060c59c0
      paragraph_quote: Ginnie Mae does not permit Issuers to sell their Servicing Income.
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 21 snapshot f134d7522acb1160 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:25+00:00'
    promoted_from: gnma-mbs-ch21-roundb-v1.yaml
  - id: gnma-mbs-ch21-notify-pledge-of-servicing-income
    canonical_id: gnma-mbs-ch21-notify-pledge-of-servicing-income
    section: Ginnie Mae MBS Guide Ch. 21, Part 5(5) — Notification Requirements
    description: |
      Any [ISSUER] that executes a transaction where [ISSUER]'s Servicing
      Income serves as security for a loan or that in any way encumbers
      [ISSUER]'s Servicing Income must notify its Account Executive about
      such transaction via email no later than the date that is 15
      business days after the date that the transaction agreement is
      executed.
    type: do
    audit_question: For every transaction in which [ISSUER]’s Servicing Income served as security for a loan or otherwise encumbered Servicing Income, can [ISSUER] evidence email notification to its Ginnie Mae Account Executive no later than 15 business days after the transaction agreement was executed?
    program_review: Does the program ensure any transaction where Servicing Income secures a loan or otherwise encumbers it is notified to the Ginnie Mae Account Executive by email no later than 15 business days after the agreement is executed?
    file_review: For Servicing-Income encumbrance transactions, confirm email notice to the Account Executive within 15 business days of execution.
    judgment: false
    feeds: []
    workflow_phase: governance
    owner_role: compliance_officer
    secondary_owner_role: executive
    cadence: per-transaction
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch21
      - servicing-income-pledge-notice
      - 15-business-days
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 21, Part 5(5) — Notification Requirements
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_21.pdf
      snapshot_id: f134d7522acb1160
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:3f5784f943f8edea02cdd69162bb896f0471e8a457b91e024705b710060c59c0
      paragraph_quote: 'Any Issuer that executes a transaction where the Issuer’s Servicing Income serves '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 21 snapshot f134d7522acb1160 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:25+00:00'
    promoted_from: gnma-mbs-ch21-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:41+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch21-roundb-v1.yaml
    candidates_promoted: 0
    candidates_skipped_existing: 0
  - promoted_at: '2026-05-23T01:32:25+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch21-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 21 — Transfer and Pledges — 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. 21, Part 2 — Approval by Ginnie Mae

Each transfer addressed in this chapter and in MBS Guide. Ch. 35, and each pledge addressed

Source: Ginnie Mae MBS Guide Chapter 21, Part 2 — Approval by Ginnie Mae · source URL · snapshot f134d7522acb1160

Ginnie Mae MBS Guide Ch. 21, Part 5(3) — Prohibited Sales of Excess Servicing Income

Ginnie Mae does not permit Issuers to sell their Servicing Income.

Source: Ginnie Mae MBS Guide Chapter 21, Part 5(3) — Prohibited Sales of Excess Servicing Income · source URL · snapshot f134d7522acb1160

Ginnie Mae MBS Guide Ch. 21, Part 5(5) — Notification Requirements

Any Issuer that executes a transaction where the Issuer’s Servicing Income serves

Source: Ginnie Mae MBS Guide Chapter 21, Part 5(5) — Notification Requirements · source URL · snapshot f134d7522acb1160