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Date Issued
March 28, 2023
Closed Date
June 27, 2023
OIG Component Office
Assesses what information Ginnie Mae needs from the MSS to ensure that they have the capacity for a large- or multiple-issuer extinguishment.
Program Office
Government National Mortgage Association
Questioned Costs
Better Funds Use
Publication Report Number

Related Recommendations

Recomendation Status Date Issued Summary
2023-KC-0003-001-A Open March 28, 2023 Define its authority for marketing troubled issuer portfolios and the conditions that must exist to extinguish issuers using rapid relocation.
2023-KC-0003-001-B Open March 28, 2023 What type of information Ginnie Mae may disclose and how it will handle protected information before extinguishment.
2023-KC-0003-001-C Open March 28, 2023 How Ginnie Mae will determine the portfolio value and price before sale.
2023-KC-0003-001-D Open March 28, 2023 How Ginnie Mae intends to identify and evaluate prospective buyers to ensure its ability to absorb the extinguished portfolio before executing the purchase and sale agreement.
2023-KC-0003-002-B Closed March 28, 2023 Prescribes how the contracting officer representative will review information provided by the MSS and provide actionable feedback to ensure MSS readiness.