New Requirements for Ginnie Mae Approval

On May 18, 2011, the Administration National Mortgage Association (Ginnie Mae) updated Chapter 7, Application for Approval as A Ginnie Mae Issuer, in Ginnie Mae's Mortgage-Backed Securities Guide 5500.3, Rev. 1. On the same date, Ginnie Mae revised Chapter 6 of the Handbook, Fees, which describes the fees the Issuer must pay under the MBS program. This article summarizes the recent revisions to Ginnie Mae's eligibility requirements and application procedures. More information: more

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