source:
  type: regulation
  id: gnma-mbs-ch25
  authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: "Ginnie Mae MBS Guide Chapter 25 (Buydown Mortgage Pools — Special Requirements). New-source fetch\
    \ + gap-fill (verbatim). \n"
obligations:
- id: gnma-mbs-ch25-0
  canonical_id: gnma-mbs-ch25-0
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2025-06-16 This chapter describes special
    requirements that apply for a pool or loan package of buydown mortgages. The requirements described in this
    chapter may modify, supplement, or in some cases repeat, for the purpose of emphasis, those requirements set
    forth in previous c…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2025-06-16 This chapter describes special requirements that apply for a pool or loan package
      of buydown mortgages. The requirements described in this chapter may modify, supplement, or in some cases
      repeat, for the purpose of emphasis, those requirements set forth in previous chapters with respect to mortgage
      eligibility, pool and loan package requirements, required pool and loan package submission documents, and
      the actual securities. The buydown pool suffix is “BD”. Buydown pools may be formed under both Ginnie Mae
      I and Ginnie Mae II MBS programs, however mortgages with buydown provisions are prohibited from pooling in
      any Ginnie Mae I SF pool. Applicable Pool Types At A Glance: Ginnie Mae I MBS Program Ginnie Mae II MBS Program'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-1
  canonical_id: gnma-mbs-ch25-1
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: , Rev. 1 25-1 ginniemae.gov X BD: A single
    family, level payment pool that may contain one or more buydown loans. C BD: A single family, custom buydown
    pool that may contain one or more buydown loans without limitation. X SF: A single family, level payment pool
    that may not conta…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ', Rev. 1 25-1 ginniemae.gov X BD: A single family, level payment pool that may contain one
      or more buydown loans. C BD: A single family, custom buydown pool that may contain one or more buydown loans
      without limitation. X SF: A single family, level payment pool that may not contain any buydown loans C SF:
      A single family, level payment custom pool that may contain one or more buydown loans without limitation.
      M SF: A single family, multiple Issuer level payment pool (MIP) consisting of loan packages whose aggregate
      original principal balance of buydown loans may not exceed 10.00% of the MIP’s total original principal balance.
      To ensure compliance with the 10% threshold for buydown loans, each individual loan package will also be limited
      to the 10% threshold for buydown loans. Loan packages exceeding this threshold will be rejected by Ginnie
      Mae’s electronic pooling application. A buydown mortgage is a mortgage for which funds are provided to reduce
      the borrower''s monthly payments during the early years of the mortgage. The buydown funds are usually provided
      by the builder or other property seller to encourage the buyer to purchase the property. If a loan were originated
      with a buydown provision and the buydown period expired prior to pooling, that loan will always be considered
      a buydown loan for pooling purposes.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-2
  canonical_id: gnma-mbs-ch25-2
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2025-06-16 The mortgage eligibility and pool
    requirements that apply, with limited exceptions, to all pool types are found in MBS Guide, Ch. 9. While Buydown
    mortgage pools may be formed under both Ginnie Mae I and Ginnie Mae II MBS programs, C BD pool types may only
    be created…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2025-06-16 The mortgage eligibility and pool requirements that apply, with limited exceptions,
      to all pool types are found in MBS Guide, Ch. 9. While Buydown mortgage pools may be formed under both Ginnie
      Mae I and Ginnie Mae II MBS programs, C BD pool types may only be created under the Ginnie Mae II MBS program.
      With the exception of the prohibition on buydown'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-3
  canonical_id: gnma-mbs-ch25-3
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: provisions, the eligibility requirements for
    Ginnie Mae MBS mortgages (Please See MBS Guide Chapter 24) apply to Buydown mortgages, except as modified by
    the following: (1) Eligible Pool Types, Ginnie Mae I MBS: (a) X BD: Single Family, level payment pool that may
    contain one or …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: 'provisions, the eligibility requirements for Ginnie Mae MBS mortgages (Please See MBS Guide
      Chapter 24) apply to Buydown mortgages, except as modified by the following: (1) Eligible Pool Types, Ginnie
      Mae I MBS: (a) X BD: Single Family, level payment pool that may contain one or more buydown loans. Note: X
      SF pools may not contain any buydown loans. (2) Eligible Pool Types, Ginnie Mae II MBS: (a) C BD: Single Family
      level payment custom buydown pool that may contain one or more buydown loans without limitation. (b) C SF:
      Single Family, level payment custom pool that may contain one or more buydown loans without limitation. (c)
      M SF: Single Family, level payment multiple Issuer pool, in which an individual loan package’s total origination
      balance of buydown loans may not exceed a 10.00% threshold. If the threshold is exceeded, Ginnie Mae’s electronic
      pooling application will reject the noncompliant loan package. (3) Minimum pool balance: As of the date of
      issue, each buydown pool, other than a pool formed pursuant to a BFP, must have an original principal amount
      of at least $500,000; (4) Pool Composition: In order for a pool to qualify as a buydown pool, at least one
      of the underlying mortgages must have buydown provisions. (5) Interest escrow custodial account: An interest
      escrow custodial account must be maintained in connection with buydown mortgages, and used for the deposit
      of buydown funds administered by the Issuer. This account must meet Ginnie Mae’s escrow custodial account
      requirements (Please See MBS Guide Chapter 16, Part 5) and it must also meet the insuring or guarantying agency’s
      requirements for such accounts.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-4
  canonical_id: gnma-mbs-ch25-4
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: REQUIRED DOCUMENTS The procedures and basic
    document requirements for submission of all pools are found in MBS Guide, Ch. 10, 11 and 13. Section A. For
    Certification by Document Custodian'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: REQUIRED DOCUMENTS The procedures and basic document requirements for submission of all pools
      are found in MBS Guide, Ch. 10, 11 and 13. Section A. For Certification by Document Custodian
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-5
  canonical_id: gnma-mbs-ch25-5
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2021-07-28 The loan documents required for
    initial and final certification of a BD pool by the document custodian are the same as those discussed in MBS
    Guide, Ch. 13, Part 7. They are summarized in the following table.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2021-07-28 The loan documents required for initial and final certification of a BD pool
      by the document custodian are the same as those discussed in MBS Guide, Ch. 13, Part 7. They are summarized
      in the following table.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-6
  canonical_id: gnma-mbs-ch25-6
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: , Rev. 1 25-3 ginniemae.gov Documents Form
    Number Appendix For Initial Certification Schedule of Pooled Mortgages HUD 11706 III-7 Release of Security Interest,
    executed original, if applicable HUD 11711A III-5 Certification and Agreement, executed original HUD 11711B
    III-5 Origin…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ', Rev. 1 25-3 ginniemae.gov Documents Form Number Appendix For Initial Certification Schedule
      of Pooled Mortgages HUD 11706 III-7 Release of Security Interest, executed original, if applicable HUD 11711A
      III-5 Certification and Agreement, executed original HUD 11711B III-5 Original notes (or, in the case of modified
      loans, the original notes executed for the modifications) or other evidences of indebtedness, endorsed in
      blank, without recourse For nonprofit agency section 203(k) loans, FHA affordable housing program letters
      For Final Certification Original recorded mortgages (or, in the case of modified loans, the recorded original
      mortgages, the related original notes, the modification agreements, and any required subordination agreements
      and/or title endorsements) All recorded interim assignments Evidence of good title (e.g., mortgage title insurance
      policy) Evidence of mortgage insurance or guaranty provided by FHA, VA, RD, or PIH (not required for manufactured
      housing). In lieu of an original MIC signed by FHA or LGC signed by VA, electronic confirmation from FHA Connection
      or VA’s TAS is acceptable. Section B. For Approval by PPA and Ginnie Mae'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-7
  canonical_id: gnma-mbs-ch25-7
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2025-06-16 The buydown pool documents required
    for approval by Ginnie Mae are the same as those discussed in MBS Guide, Ch. 10, Part 3, except as modified
    below. (1) All references to "pool number" on all forms must include the suffix "BD"; (2) Schedule of Subscribers
    and Ginni…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2025-06-16 The buydown pool documents required for approval by Ginnie Mae are the same as
      those discussed in MBS Guide, Ch. 10, Part 3, except as modified below. (1) All references to "pool number"
      on all forms must include the suffix "BD"; (2) Schedule of Subscribers and Ginnie Mae Guaranty Agreement,
      form HUD 11705 (Appendix III-6), that, for Ginnie Mae I pools, must indicate in the block “Type of Issue”
      that the pool is “X” and in the block “Pool Type” that the securities are to be "BD." For Ginnie Mae II buydown
      pools or loan packages, the “Type of Issue” block must be populated with a “C” and in the block “Pool Type”
      the securities are to be “BD”. (3) Schedule of Pooled Mortgages, form HUD 11706 (Appendix III-7), which must
      identify each of the loans as a buydown by including in the column titled "FHAVA-RD-PIH Case Number" the full
      agency designated number, including the code identifying each loan as'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-8
  canonical_id: gnma-mbs-ch25-8
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: a BD loan. Also, the "Monthly Constant (P&I)"
    is the total fixed installment constant, including amounts collected from the mortgagor and from the escrow
    custodial account; (4) A BFP certification (Appendix III-12), if required pursuant to MBS Guide, Ch. 25, Part
    2 and Ch. 24, Pa…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: 'a BD loan. Also, the "Monthly Constant (P&I)" is the total fixed installment constant, including
      amounts collected from the mortgagor and from the escrow custodial account; (4) A BFP certification (Appendix
      III-12), if required pursuant to MBS Guide, Ch. 25, Part 2 and Ch. 24, Part 2, § B(2). The following table
      lists the pool documents required by the PPA for approval of BD pools:'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-9
  canonical_id: gnma-mbs-ch25-9
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: , Rev. 1 25-4 ginniemae.gov Document Name Form
    Number Appendix Schedule of Subscribers and Ginnie Mae Guaranty Agreement HUD 11705 III-6 Schedule of Pooled
    Mortgages HUD 11706 III-7 Master Servicing Agreement HUD 11707 III-1 Master Agreement for Servicer''s Principal
    and Interest …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ', Rev. 1 25-4 ginniemae.gov Document Name Form Number Appendix Schedule of Subscribers and
      Ginnie Mae Guaranty Agreement HUD 11705 III-6 Schedule of Pooled Mortgages HUD 11706 III-7 Master Servicing
      Agreement HUD 11707 III-1 Master Agreement for Servicer''s Principal and Interest Custodial Account HUD 11709
      III-2 Master Agreement for Servicer''s Escrow Custodial Account HUD 11720 III-3 Master Agreement for Servicer’s
      Escrow Custodial Account (custodial account for deposit of buydown funds provided by Issuer) HUD 11720 III-3
      Master Custodial Agreement HUD 11715 III-4 Prospectus HUD 11717 IV-4 BFP certification, if required III-12'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-10
  canonical_id: gnma-mbs-ch25-10
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2025-06-16 Preparation and delivery of the
    securities through the depository are described in MBS Guide, Ch. 12. The text of BD securities held in certificated
    form is set forth in Appendix IV-11, and a partial statement of the terms of BD and C BD securities held in
    book entry…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2025-06-16 Preparation and delivery of the securities through the depository are described
      in MBS Guide, Ch. 12. The text of BD securities held in certificated form is set forth in Appendix IV-11,
      and a partial statement of the terms of BD and C BD securities held in book entry form is set forth in Appendix
      IV-17. This section describes additional requirements for securities backed by BD pools. Buydown securities
      must be clearly differentiated from other types of Ginnie Mae MBS in all forward market and other transactions.
      Therefore, and in all communications relating to such transactions, Issuers must clearly disclose that the
      securities to be delivered are backed by a BD pool. Also, before delivery, Issuers must obtain for their records
      from each dealer or investor to which the Issuer is selling securities, a confirmation statement clearly disclosing
      the nature of the pool underlying the securities to be delivered. An Issuer must retain these confirmation
      statements as records subject to Ginnie Mae''s right of inspection. The buydown securities are distinguishable
      from other Ginnie Mae MBS by the suffix "BD" in each certificate number. Otherwise, the security is the same
      as the single family, level payment, non-buydown security.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-11
  canonical_id: gnma-mbs-ch25-11
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: POOL ADMINISTRATION Pool administration requirements
    for all pool types are described in MBS Guide, Ch. 14 through 20. This section describes additional requirements
    for the administration of BD pools.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: POOL ADMINISTRATION Pool administration requirements for all pool types are described in MBS
      Guide, Ch. 14 through 20. This section describes additional requirements for the administration of BD pools.
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-12
  canonical_id: gnma-mbs-ch25-12
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2009-10-01 Scheduled recovery of interest
    is determined as described in MBS Guide, Ch. 15, Part 4, except that scheduled interest due on the mortgage
    includes amounts scheduled to be collected from both the mortgagors and the providers of the buydown funds.
    Issuers are responsi…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2009-10-01 Scheduled recovery of interest is determined as described in MBS Guide, Ch. 15,
      Part 4, except that scheduled interest due on the mortgage includes amounts scheduled to be collected from
      both the mortgagors and the providers of the buydown funds. Issuers are responsible for making advances and
      for losses that may arise as a result of shortfalls in funds from either of those sources. Section B. Monthly
      Reporting Requirements'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch25-13
  canonical_id: gnma-mbs-ch25-13
  section: Ginnie Mae MBS Guide Chapter 25 — Buydown Mortgage Pools — Special Requirements
  description: 'Ch.25 Buydown Mortgage Pools — Special Requirements: : 2009-10-01 Funds due from the providers of
    buydown funds are accounted for as if they were due from the mortgagor. These receipts must be aggregated with
    receipts from the mortgagor and reported in the RFS Issuer Monthly Report of Pool and Loan Data (Appendix VI-19).'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 25 — Buydown Mortgage Pools — Special Requirements
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_25.pdf
    snapshot_id: b8de74f58687aec3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8b65aa3a0504f875b9df584336f06f8a720dad92cff8ec7169e047f134285a2a
    paragraph_quote: ': 2009-10-01 Funds due from the providers of buydown funds are accounted for as if they were
      due from the mortgagor. These receipts must be aggregated with receipts from the mortgagor and reported in
      the RFS Issuer Monthly Report of Pool and Loan Data (Appendix VI-19).'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 25 PDF, snapshot b8de74f58687aec3;
      substring-verified. New-source fetch.
  judgment: false
