Ginnie Mae MBS Guide Chapter 9 — Eligible Mortgages, Pools and Loan Packages

gnma-mbs-ch09

GNMA MBS Guide Chapter 9 — mortgage and pool / loan-package eligibility (federal insurance / guaranty, High Balance Loan limits, first-payment and amortization windows, loan-status-at-pooling delinquency cap, encumbrance prohibition, planned-refinance and premium-loan pooling prohibitions, MERS registration mechanics).

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source:
  type: regulation
  id: gnma-mbs-ch09
  authority: Ginnie Mae MBS Guide Chapter 9 — Eligible Mortgages, Pools and Loan Packages
  description: |
    GNMA MBS Guide Chapter 9 — mortgage and pool / loan-package eligibility
    (federal insurance / guaranty, High Balance Loan limits, first-payment
    and amortization windows, loan-status-at-pooling delinquency cap,
    encumbrance prohibition, planned-refinance and premium-loan pooling
    prohibitions, MERS registration mechanics).
obligations:
  - id: gnma-mbs-ch09-insurance-guaranty-each-mortgage
    canonical_id: gnma-mbs-ch09-insurance-guaranty-each-mortgage
    section: Ginnie Mae MBS Guide Ch. 9, Part 2, Section A — Insurance / Guaranty
    description: |
      Each mortgage that [ISSUER] pools must be, and must remain, insured
      or guaranteed under the National Housing Act, Title V of the Housing
      Act of 1949, the Servicemen's Readjustment Act of 1944, chapter 37
      of Title 38, United States Code, or section 184 of the Housing and
      Community Development Act of 1992, and must at all times comply with
      the requirements for obtaining and maintaining such insurance or
      guaranty.
    type: do
    audit_question: For every pooled mortgage, can [ISSUER] evidence that the mortgage is, and remains, insured or guaranteed under a Chapter 9 Part 2 Section A named federal program and complies with the requirements for obtaining and maintaining such insurance or guaranty?
    program_review: Does the program ensure each pooled mortgage is, and remains, insured/guaranteed under a Section A named federal program (National Housing Act; Title V of Housing Act of 1949; Servicemen's Readjustment Act; 38 USC ch.37; section 184), complying with the insurance/guaranty requirements at all times?
    file_review: For pooled mortgages, confirm continuing insurance/guaranty under a named program and compliance with maintenance requirements.
    judgment: false
    feeds: []
    workflow_phase: secondary-marketing
    owner_role: secondary_marketing
    secondary_owner_role: compliance_officer
    cadence: per-pool
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch09
      - insurance-guaranty
      - mortgage-eligibility
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 9, Part 2, Section A — Insurance / Guaranty
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_09.pdf
      snapshot_id: 29eef0630ea24e80
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:2224fab7b30b26a4aa66d59b2fad2dade240a4fa551b83aebbd9bddacca642ac
      paragraph_quote: 'Each mortgage must be, and must remain, insured or guaranteed under the National Housing '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 9 snapshot 29eef0630ea24e80 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:22+00:00'
    promoted_from: gnma-mbs-ch09-roundb-v1.yaml
  - id: gnma-mbs-ch09-no-encumbrance-on-pooled-mortgages
    canonical_id: gnma-mbs-ch09-no-encumbrance-on-pooled-mortgages
    section: Ginnie Mae MBS Guide Ch. 9, Part 2, Section F — Limitation against Encumbrances
    description: |
      At the time the assignments to Ginnie Mae become effective (i.e.,
      when the securities are issued to the subscribers designated on the
      Schedule of Subscribers and Ginnie Mae Guaranty Agreement, form
      HUD 11705), the pooled mortgages must not be subject to any security
      interest, beneficial interest, or other encumbrance arising from any
      previous or future assignment, pledge, hypothecation or transfer of
      [ISSUER]'s right, title, and interest in and to the mortgages.
    type: dont
    audit_question: Can [ISSUER] evidence that, at the time the assignments to Ginnie Mae became effective for each pool, the pooled mortgages were not subject to any security interest, beneficial interest, or other encumbrance arising from any previous or future assignment, pledge, hypothecation, or transfer of the Issuer’s right, title, and interest?
    program_review: Does the program ensure that when assignments to Ginnie Mae become effective (securities issued per HUD 11705), pooled mortgages are free of any security/beneficial interest or other encumbrance from any prior or future assignment/pledge/hypothecation/transfer of the Issuer's interest?
    file_review: For each pool, confirm the pooled mortgages were unencumbered when the assignments to Ginnie Mae became effective.
    judgment: false
    feeds: []
    workflow_phase: secondary-marketing
    owner_role: secondary_marketing
    secondary_owner_role: compliance_officer
    cadence: per-pool
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch09
      - no-encumbrance
      - pool-eligibility
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 9, Part 2, Section F — Limitation against Encumbrances
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_09.pdf
      snapshot_id: 29eef0630ea24e80
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:2224fab7b30b26a4aa66d59b2fad2dade240a4fa551b83aebbd9bddacca642ac
      paragraph_quote: At the time the assignments to Ginnie Mae become effective (i.e., when the securities are
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 9 snapshot 29eef0630ea24e80 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:22+00:00'
    promoted_from: gnma-mbs-ch09-roundb-v1.yaml
  - id: gnma-mbs-ch09-no-planned-refinance-or-premium-pooling
    canonical_id: gnma-mbs-ch09-no-planned-refinance-or-premium-pooling
    section: Ginnie Mae MBS Guide Ch. 9, Part 2, Section G — Prohibition on Pooling of Planned Refinance and Certain Premium Loans
    description: |
      [ISSUER] must not pool planned refinance loans or certain premium
      interest rate loans (as defined in Chapter 9 Part 2 Section G).
      The chapter defines a planned refinance loan as a premium loan the
      lender and borrower have agreed to refinance at a later date at a
      lower rate, and a premium loan as a pooled mortgage on a 1- to 4-
      family dwelling originated or refinanced at least 1.5 percentage
      points (150 basis points) higher than the rate on new Ginnie Mae
      securities valued closest to par on the rate-set date.
    type: dont
    audit_question: Can [ISSUER] evidence that no planned refinance loan, and no premium interest rate loan that does not satisfy the Chapter 9 Part 2 Section G excess-proceeds and refinance-spread tests, was pooled in any of its Ginnie Mae MBS pools or loan packages?
    program_review: Does the program ensure no planned refinance loan, and no premium-rate loan failing the Section G excess-proceeds/refinance-spread (≥150 bps over par-closest new-security rate) tests, is pooled?
    file_review: Spot-check pooled loans for any planned-refinance or non-conforming premium loan; confirm none was pooled.
    judgment: false
    feeds: []
    workflow_phase: secondary-marketing
    owner_role: secondary_marketing
    secondary_owner_role: compliance_officer
    cadence: per-pool
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch09
      - planned-refinance-prohibition
      - premium-loan-prohibition
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 9, Part 2, Section G — Prohibition on Pooling of Planned Refinance and Certain Premium Loans
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_09.pdf
      snapshot_id: 29eef0630ea24e80
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:2224fab7b30b26a4aa66d59b2fad2dade240a4fa551b83aebbd9bddacca642ac
      paragraph_quote: 'It is Ginnie Mae’s policy to prohibit the pooling of planned refinance loans and certain premium '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 9 snapshot 29eef0630ea24e80 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:22+00:00'
    promoted_from: gnma-mbs-ch09-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:38+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch09-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-ch09-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 9 — Eligible Mortgages, Pools and Loan Packages — 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. 9, Part 2, Section A — Insurance / Guaranty

Each mortgage must be, and must remain, insured or guaranteed under the National Housing

Source: Ginnie Mae MBS Guide Chapter 9, Part 2, Section A — Insurance / Guaranty · source URL · snapshot 29eef0630ea24e80

Ginnie Mae MBS Guide Ch. 9, Part 2, Section F — Limitation against Encumbrances

At the time the assignments to Ginnie Mae become effective (i.e., when the securities are

Source: Ginnie Mae MBS Guide Chapter 9, Part 2, Section F — Limitation against Encumbrances · source URL · snapshot 29eef0630ea24e80

Ginnie Mae MBS Guide Ch. 9, Part 2, Section G — Prohibition on Pooling of Planned Refinance and Certain Premium Loans

It is Ginnie Mae’s policy to prohibit the pooling of planned refinance loans and certain premium

Source: Ginnie Mae MBS Guide Chapter 9, Part 2, Section G — Prohibition on Pooling of Planned Refinance and Certain Premium Loans · source URL · snapshot 29eef0630ea24e80

Operationalizing Ginnie Mae MBS Guide Chapter 9 — Eligible Mortgages, Pools and Loan Packages

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-ch09/ · register gnma-mbs-ch09 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.