source:
  type: regulation
  id: gnma-mbs-ch03
  authority: "Ginnie Mae MBS Guide Chapter 3 — Maintaining Ginnie Mae Issuer Status"
  description: "GNMA MBS Guide Chapter 3 — continuing Issuer-approval requirements\n(FHA/VA/RD/PIH good-standing maintenance, fidelity bond and E&O upkeep,\nannual audited financials via GMC within 90 days of fiscal year end,\nmonthly/quarterly MBFRF financial reporting, financial requirements).\n"
obligations:
- id: gnma-mbs-ch03-fha-good-standing-maintain
  canonical_id: gnma-mbs-ch03-fha-good-standing-maintain
  section: "Ginnie Mae MBS Guide Ch. 3, Part 2 — Insuring or Guaranty Agency Approval"
  description: 'An approved [ISSUER] must remain an FHA-approved mortgagee in good

    standing at all times. Suspension or withdrawal of FHA mortgagee

    approval constitutes an event of default by the Issuer under the

    applicable Guaranty Agreement.

    '
  type: do
  audit_question: Can [ISSUER] evidence that it remained an FHA-approved mortgagee in good standing at all times during the reporting period, and that no FHA suspension or withdrawal was in effect?
  workflow_phase: governance
  owner_role: compliance_officer
  secondary_owner_role: executive
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch03
  - fha-approval
  - continuing-eligibility
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 3, Part 2 — Insuring or Guaranty Agency Approval"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_03.pdf
    snapshot_id: c57022d5ca472e2a
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:1b0ae6c5ac8fbab372c869db80f639971db5c9fdf4c7d3ad090e3d65abb10a5a
    paragraph_quote: An Issuer must remain an FHA approved mortgagee in good standing at all times.
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 3 snapshot c57022d5ca472e2a at 2026-05-23.
  promoted_at: '2026-05-23T01:32:21+00:00'
  promoted_from: gnma-mbs-ch03-roundb-v1.yaml
  program_review: Does the program ensure the Issuer remains an FHA-approved mortgagee in good standing at all times (suspension/withdrawal = event of default under the Guaranty Agreement)?
  file_review: Confirm FHA good standing was continuous through the period, with no suspension/withdrawal in effect.
  judgment: false
- id: gnma-mbs-ch03-annual-audited-financials-90-days
  canonical_id: gnma-mbs-ch03-annual-audited-financials-90-days
  section: "Ginnie Mae MBS Guide Ch. 3, Part 7, Section A — Annual Audited Financial Statements"
  description: '[ISSUER] must, within 90 days after the end of its fiscal year,

    submit its annual audited financial statements electronically via

    the Financials module of Ginnie Mae Central (GMC). The statements

    must be prepared by an independent auditor in accordance with the

    HUD Consolidated Audit Guide and applicable GAAP, with the audit

    reports and schedules described in Chapter 3 Part 7 Section A.

    '
  type: do
  audit_question: Can [ISSUER] evidence that its annual audited financial statements were submitted via the GMC Financials module within 90 days after the end of its fiscal year, in the form and content required by Chapter 3, Part 7, Section A?
  workflow_phase: governance
  owner_role: compliance_officer
  secondary_owner_role: executive
  cadence: annual
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch03
  - annual-audited-financials
  - gmc-submission
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 3, Part 7, Section A — Annual Audited Financial Statements"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_03.pdf
    snapshot_id: c57022d5ca472e2a
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:1b0ae6c5ac8fbab372c869db80f639971db5c9fdf4c7d3ad090e3d65abb10a5a
    paragraph_quote: "Within 90 days after the end of the Issuer’s fiscal year, the annual audited financial statements "
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 3 snapshot c57022d5ca472e2a at 2026-05-23.
  promoted_at: '2026-05-23T01:32:21+00:00'
  promoted_from: gnma-mbs-ch03-roundb-v1.yaml
  program_review: Does the program ensure annual audited financial statements are submitted via the GMC Financials module within 90 days after fiscal year-end, prepared by an independent auditor per the HUD Consolidated Audit Guide and applicable GAAP with the required reports/schedules?
  file_review: Confirm the audited financials were submitted via GMC within 90 days of fiscal year-end in the form/content required by Ch. 3 Part 7 Section A.
  judgment: false
- id: gnma-mbs-ch03-report-embezzlement-or-fraud
  canonical_id: gnma-mbs-ch03-report-embezzlement-or-fraud
  section: "Ginnie Mae MBS Guide Ch. 3, Part 6, Section E — Report of Embezzlement, Fraud, or Claims"
  description: '[ISSUER] must promptly advise Ginnie Mae''s Office of Issuer & Portfolio

    Management of each case of embezzlement or fraud in its organization

    involving over $1,000 and of the total amount of the loss, whether or

    not the Issuer submits an insurance claim.

    '
  type: do
  audit_question: "Can [ISSUER] evidence prompt advisory to Ginnie Mae’s Office of Issuer & Portfolio Management of each embezzlement-or-fraud case in its organization involving over $1,000, including the total amount of loss, whether or not an insurance claim was submitted?"
  workflow_phase: governance
  owner_role: compliance_officer
  secondary_owner_role: executive
  cadence: per-incident
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch03
  - embezzlement
  - fraud-reporting
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 3, Part 6, Section E — Report of Embezzlement, Fraud, or Claims"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_03.pdf
    snapshot_id: c57022d5ca472e2a
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:1b0ae6c5ac8fbab372c869db80f639971db5c9fdf4c7d3ad090e3d65abb10a5a
    paragraph_quote: The Issuer must promptly advise Ginnie Mae
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 3 snapshot c57022d5ca472e2a at 2026-05-23.
  promoted_at: '2026-05-23T01:32:21+00:00'
  promoted_from: gnma-mbs-ch03-roundb-v1.yaml
  program_review: Does the program ensure each embezzlement/fraud case over $1,000 is promptly advised to Ginnie Mae's Office of Issuer & Portfolio Management with the total loss amount, whether or not an insurance claim is submitted?
  file_review: For any embezzlement/fraud over $1,000, confirm prompt advisory to OIPM with the total loss amount.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T01:31:36+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch03-roundb-v1.yaml
  candidates_promoted: 0
  candidates_skipped_existing: 0
- promoted_at: '2026-05-23T01:32:21+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch03-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
