Ginnie Mae MBS Guide Chapter 4 — Issuers and Subservicers: Responsibilities

gnma-mbs-ch04

GNMA MBS Guide Chapter 4 — Issuer / subservicer responsibilities for each pool or loan package: only one Issuer of record, subservicing framework, nondelegable-responsibility list, Issuer liability for subservicer acts.

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source:
  type: regulation
  id: gnma-mbs-ch04
  authority: 'Ginnie Mae MBS Guide Chapter 4 — Issuers and Subservicers: Responsibilities'
  description: |
    GNMA MBS Guide Chapter 4 — Issuer / subservicer responsibilities for each
    pool or loan package: only one Issuer of record, subservicing framework,
    nondelegable-responsibility list, Issuer liability for subservicer acts.
obligations:
  - id: gnma-mbs-ch04-issuer-liable-for-subservicer
    canonical_id: gnma-mbs-ch04-issuer-liable-for-subservicer
    section: Ginnie Mae MBS Guide Ch. 4, Part 2, Section B — Subservicing
    description: |
      [ISSUER] remains fully responsible for the performance of any
      servicing functions that have been delegated to a subservicer.
      [ISSUER] is liable to Ginnie Mae for any representations or
      omissions submitted on its behalf by a subservicer, including those
      reflected on the Issuer's monthly report of pool and loan data and
      on the Issuer's Monthly Reporting Certification in RFS.
    type: do
    audit_question: For every servicing function [ISSUER] has delegated to a subservicer, can [ISSUER] evidence that it retained full responsibility for performance and accepted liability to Ginnie Mae for the subservicer’s representations and omissions on RFS Monthly Report of Pool and Loan Data and Monthly Reporting Certification?
    program_review: Does the program's subservicer oversight reflect that the Issuer remains fully responsible for delegated servicing and liable to Ginnie Mae for the subservicer's representations/omissions, including on the RFS Monthly Report of Pool and Loan Data and Monthly Reporting Certification?
    file_review: Review the subservicer oversight program; the compliance person judges whether it is calibrated to full Issuer liability for the subservicer's RFS representations and omissions.
    judgment: true
    feeds: []
    workflow_phase: servicing
    owner_role: compliance_officer
    secondary_owner_role: default_servicing_analyst
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch04
      - subservicing
      - issuer-liability
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 4, Part 2, Section B — Subservicing
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_04.pdf
      snapshot_id: 997eb6a60a668b0b
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:ac32fb29be9891c64ad2e225aa3aba5a6267fead22a3324b32f9dd0ccda07f9b
      paragraph_quote: remains fully responsible for the performance of any servicing functions that have been
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 4 snapshot 997eb6a60a668b0b at 2026-05-23.
    promoted_at: '2026-05-23T01:32:22+00:00'
    promoted_from: gnma-mbs-ch04-roundb-v1.yaml
  - id: gnma-mbs-ch04-nondelegable-responsibilities
    canonical_id: gnma-mbs-ch04-nondelegable-responsibilities
    section: Ginnie Mae MBS Guide Ch. 4, Part 2, Section C — Nondelegable Responsibilities
    description: |
      [ISSUER] may not delegate or transfer to others (through a power of
      attorney or otherwise) its obligation or authority to perform the
      Chapter 4 Part 2 Section C functions, including withdrawing funds
      from a P&I custodial account, signing certifications to Ginnie Mae
      required by the Guide or Guaranty Agreement (with the limited
      monthly-certification exception), withdrawing mortgage documents
      from the document custodian, and the Ginnie Mae I / Ginnie Mae II
      program-specific functions enumerated.
    type: dont
    audit_question: Can [ISSUER] evidence that none of the Chapter 4 Part 2 Section C nondelegable functions (P&I custodial withdrawals, signing certifications to Ginnie Mae, withdrawing mortgage documents from the custodian, and the enumerated Ginnie Mae I / II program functions) were delegated to a subservicer or other party (subject to the monthly-certification exception)?
    program_review: Does the program ensure the Section C nondelegable functions (P&I custodial withdrawals, signing Ginnie Mae certifications, withdrawing mortgage documents from the custodian, the enumerated GM I/II functions) are not delegated, subject to the monthly-certification exception?
    file_review: Confirm none of the nondelegable functions were delegated to a subservicer or other party (subject to the monthly-certification exception).
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: compliance_officer
    secondary_owner_role: default_servicing_analyst
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch04
      - nondelegable
      - subservicing
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 4, Part 2, Section C — Nondelegable Responsibilities
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_04.pdf
      snapshot_id: 997eb6a60a668b0b
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:ac32fb29be9891c64ad2e225aa3aba5a6267fead22a3324b32f9dd0ccda07f9b
      paragraph_quote: 'The Issuer may not delegate or transfer to others (through a power of attorney or otherwise) its '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 4 snapshot 997eb6a60a668b0b at 2026-05-23.
    promoted_at: '2026-05-23T01:32:22+00:00'
    promoted_from: gnma-mbs-ch04-roundb-v1.yaml
  - id: gnma-mbs-ch04-prior-approval-of-subservicing
    canonical_id: gnma-mbs-ch04-prior-approval-of-subservicing
    section: Ginnie Mae MBS Guide Ch. 4, Part 3, Section A — Permitted Subservicing Functions
    description: |
      Where [ISSUER] uses a subservicer to perform servicing functions on
      its behalf, the subservicer must be a Ginnie Mae-approved Issuer and
      the subservicing arrangement must have Ginnie Mae's prior written
      approval. There may be only one subservicer for each pool or loan
      package.
    type: do
    audit_question: For every subservicing arrangement [ISSUER] has in place, can [ISSUER] evidence (i) the subservicer is a Ginnie Mae-approved Issuer, (ii) Ginnie Mae’s prior written approval, and (iii) only one subservicer per pool or loan package?
    program_review: Does the program ensure each subservicing arrangement uses a Ginnie Mae-approved Issuer with Ginnie Mae's prior written approval, and only one subservicer per pool/loan package?
    file_review: For each subservicing arrangement, confirm the subservicer is a GM-approved Issuer, prior written approval exists, and only one subservicer per pool/loan package.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: compliance_officer
    secondary_owner_role: default_servicing_analyst
    cadence: per-subservicing-arrangement
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch04
      - subservicing-approval
      - one-per-pool
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 4, Part 3, Section A — Permitted Subservicing Functions
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_04.pdf
      snapshot_id: 997eb6a60a668b0b
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:ac32fb29be9891c64ad2e225aa3aba5a6267fead22a3324b32f9dd0ccda07f9b
      paragraph_quote: To perform servicing functions for another Issuer, a subservicer must be a Ginnie Mae-
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 4 snapshot 997eb6a60a668b0b at 2026-05-23.
    promoted_at: '2026-05-23T01:32:22+00:00'
    promoted_from: gnma-mbs-ch04-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:37+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch04-roundb-v1.yaml
    candidates_promoted: 0
    candidates_skipped_existing: 0
  - promoted_at: '2026-05-23T01:32:22+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch04-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 4 — Issuers and Subservicers: Responsibilities — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Ginnie Mae MBS Guide Ch. 4, Part 2, Section B — Subservicing

remains fully responsible for the performance of any servicing functions that have been

Source: Ginnie Mae MBS Guide Chapter 4, Part 2, Section B — Subservicing · source URL · snapshot 997eb6a60a668b0b

Ginnie Mae MBS Guide Ch. 4, Part 2, Section C — Nondelegable Responsibilities

The Issuer may not delegate or transfer to others (through a power of attorney or otherwise) its

Source: Ginnie Mae MBS Guide Chapter 4, Part 2, Section C — Nondelegable Responsibilities · source URL · snapshot 997eb6a60a668b0b

Ginnie Mae MBS Guide Ch. 4, Part 3, Section A — Permitted Subservicing Functions

To perform servicing functions for another Issuer, a subservicer must be a Ginnie Mae-

Source: Ginnie Mae MBS Guide Chapter 4, Part 3, Section A — Permitted Subservicing Functions · source URL · snapshot 997eb6a60a668b0b

Operationalizing Ginnie Mae MBS Guide Chapter 4 — Issuers and Subservicers: Responsibilities

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/gnma-mbs-ch04/ · register gnma-mbs-ch04 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.