Ginnie Mae Reduces Seasoning Period for Reperforming Loans


Ginnie Mae has revised its pooling requirements, with a reduced seasoning period for reperforming loans and an allowance that reperforming loans that meet those requirements to be pooled into TBA Eligible Multi-Issuer Pools. 

The company made the announcement through All Participants Memorandum (APM) 23-03.

Per APM 23-03, the reduced seasoning requirements for reperforming loans are the following:

  • The borrower has made timely payments for the three months immediately preceding the issuance month associated with the mortgage-backed securities;
  • The MBS issue date is at least 120 days from the last date the loan was delinquent.

Ginnie Mae encourages all parties to review APM 23-03 for full details.

Photo by Romain Dancre on Unsplash

Notify of
Inline Feedbacks
View all comments