source:
  type: regulation
  id: gnma-mbs-ch18
  authority: "Ginnie Mae MBS Guide Chapter 18 — Mortgage Delinquency and Default"
  description: "GNMA MBS Guide Chapter 18 — delinquent and defaulted-mortgage servicing\nduties (no removal of loans from pools / loan packages without Ginnie\nMae's written permission, permitted buyout pathways, prohibition on\nmodifying pooled-loan terms affecting amount or duration, Re-Performing\nLoan restrictions, SF / MH delinquency rate thresholds, sanctions).\n"
obligations:
- id: gnma-mbs-ch18-no-loan-removal-without-permission
  canonical_id: gnma-mbs-ch18-no-loan-removal-without-permission
  section: "Ginnie Mae MBS Guide Ch. 18, Part 2 — Removal of Loans from Pools and Loan Packages"
  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 delinquent or defaulted 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
  - ch18
  - no-removal
  - default
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 18, Part 2 — Removal of Loans from Pools and Loan Packages"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_18.pdf
    snapshot_id: 8ec38aa5ea839d0f
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:4bed306519b3f3cb6292c0faf1bcd674dc97daf1f2eb6b122b9ca95876a9fb06
    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 18 snapshot 8ec38aa5ea839d0f at 2026-05-23.
  promoted_at: '2026-05-23T01:32:24+00:00'
  promoted_from: gnma-mbs-ch18-roundb-v1.yaml
  program_review: Does the program ensure no loan is removed (by substitution or otherwise) from a pool/loan package and no balance reduced, except with Ginnie Mae's written permission or a specifically authorized Guaranty Agreement/Guide reason?
  file_review: Review removal/balance-reduction events; confirm written permission or specific authorization for each.
  judgment: false
- id: gnma-mbs-ch18-no-modify-pooled-loan-terms
  canonical_id: gnma-mbs-ch18-no-modify-pooled-loan-terms
  section: "Ginnie Mae MBS Guide Ch. 18, Part 3, Section B(4) — Prohibition on Modification of Pooled Loans"
  description: '[ISSUERS] are prohibited from modifying the terms of loans held in

    Ginnie Mae pools that affect the amount or duration of loan payments.

    '
  type: dont
  audit_question: Can [ISSUER] evidence that no loan held in a Ginnie Mae pool was modified in a manner that affects the amount or duration of loan payments while the loan remained in the pool?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch18
  - no-modification
  - pooled-loans
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 18, Part 3, Section B(4) — Prohibition on Modification of Pooled Loans"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_18.pdf
    snapshot_id: 8ec38aa5ea839d0f
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:4bed306519b3f3cb6292c0faf1bcd674dc97daf1f2eb6b122b9ca95876a9fb06
    paragraph_quote: 'Issuers are prohibited from modifying the terms of loans held in Ginnie Mae pools that '
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 18 snapshot 8ec38aa5ea839d0f at 2026-05-23.
  promoted_at: '2026-05-23T01:32:24+00:00'
  promoted_from: gnma-mbs-ch18-roundb-v1.yaml
  program_review: Does the program ensure no pooled loan is modified in a way that affects the amount or duration of loan payments while it remains in the pool?
  file_review: Confirm no in-pool loan was modified affecting payment amount/duration while still pooled.
  judgment: false
- id: gnma-mbs-ch18-acceptable-delinquency-rates
  canonical_id: gnma-mbs-ch18-acceptable-delinquency-rates
  section: "Ginnie Mae MBS Guide Ch. 18, Part 3, Section C — Acceptable Delinquency Rates"
  description: '[ISSUERS] must maintain delinquency rates on outstanding pools and

    loan packages below the threshold levels described in Chapter 18

    Part 3 Section C. Data used to measure delinquency rates will come

    from the RFS Issuer Monthly Report of Pool and Loan Data

    (Appendix VI-19).

    '
  type: monitor
  audit_question: For every reporting period, can [ISSUER] evidence delinquency rates (DQ3+, DQ2+, DQP) on outstanding pools and loan packages below the applicable Chapter 18 Part 3 Section C threshold levels, computed from the RFS Issuer Monthly Report of Pool and Loan Data (Appendix VI-19)?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: monthly
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - gnma
  - mbs-guide
  - ch18
  - delinquency-thresholds
  - sanctions-exposure
  - promoted
  primary_source:
    tier: 1
    authority: "Ginnie Mae MBS Guide Chapter 18, Part 3, Section C — Acceptable Delinquency Rates"
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_18.pdf
    snapshot_id: 8ec38aa5ea839d0f
    fetched_at: '2026-05-23T00:30:00Z'
    content_hash: sha256:4bed306519b3f3cb6292c0faf1bcd674dc97daf1f2eb6b122b9ca95876a9fb06
    paragraph_quote: 'Issuers must maintain delinquency rates on outstanding pools and loan packages below the '
    drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 18 snapshot 8ec38aa5ea839d0f at 2026-05-23.
  promoted_at: '2026-05-23T01:32:24+00:00'
  promoted_from: gnma-mbs-ch18-roundb-v1.yaml
  program_review: Does the program ensure delinquency rates on outstanding pools/loan packages stay below the Chapter 18 Part 3 Section C thresholds, measured from the RFS Issuer Monthly Report of Pool and Loan Data?
  file_review: For each period, confirm DQ3+/DQ2+/DQP rates were below the Section C thresholds per the RFS report.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T01:31:39+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch18-roundb-v1.yaml
  candidates_promoted: 0
  candidates_skipped_existing: 0
- promoted_at: '2026-05-23T01:32:24+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch18-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
