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Date Issued
2023-KC-0003 | March 28, 2023

Opportunities Exist for Ginnie Mae To Improve Its Guidance and Process for Troubled Issuers

Government National Mortgage Association

  •  
    Status
      Open
      Closed
    2023-KC-0003-001-A
    Priority
    Priority

    We believe these open recommendations, if implemented, will have the greatest impact on helping HUD achieve its mission to create strong, sustainable, inclusive communities and quality affordable homes for all.

    Closed on February 01, 2024

    Update its policy and procedures to define its authority for marketing troubled issuer portfolios and the conditions that must exist to extinguish issuers using rapid relocation.

  •  
    Status
      Open
      Closed
    2023-KC-0003-001-B
    Priority
    Priority

    We believe these open recommendations, if implemented, will have the greatest impact on helping HUD achieve its mission to create strong, sustainable, inclusive communities and quality affordable homes for all.

    Closed on May 29, 2024

    Update its policy and procedures to define what type of information Ginnie Mae may disclose and how it will handle protected information before extinguishment.

  •  
    Status
      Open
      Closed
    2023-KC-0003-001-C
    Priority
    Priority

    We believe these open recommendations, if implemented, will have the greatest impact on helping HUD achieve its mission to create strong, sustainable, inclusive communities and quality affordable homes for all.

    Closed on May 29, 2024

    Update its Policies and procedures to define how Ginnie Mae will determine the portfolio value and price before Sale.

  •  
    Status
      Open
      Closed
    2023-KC-0003-001-D
    Priority
    Priority

    We believe these open recommendations, if implemented, will have the greatest impact on helping HUD achieve its mission to create strong, sustainable, inclusive communities and quality affordable homes for all.

    Closed on May 29, 2024

    Update its policies and procedures to define 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.

Displaying 1 - 4 of 4 Recommendations