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\ntransfers of custodial accounts, pledges of Servicing Income (sales\nprohibited, pledges subject to terms binding on Issuer-status loss),\npledges of servicing rights (via Acknowledgment Agreement with Ginnie\nMae prior written approval), subservicer transfers, and transfers of\nIssuer responsibility via PTS in MyGinnieMae.\n"
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?"
  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
  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
- 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?
  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
  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
- 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?"
  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
  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
_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
