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\nstandards hierarchy, life-of-pool record keeping, security-holder\npayment duty, custodial-account requirements, delinquency / defective-\nloan handling, fire and extended insurance, IRS reporting, conflict\nof interest, audit access, pool maturity / termination.\n"
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?'
  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
  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
- 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?"
  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
  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
- 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?
  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
  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
_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
