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Ginnie Mae APM 20-06: Treatment of Mortgage Delinquency Ratios for Issuers Affected by COVID-19

Published on May 14, 2020
Ginnie Mae APM 20-06: Treatment of Mortgage Delinquency Ratios for Issuers Affected by COVID-19

In response to the National Emergency declared by President Trump on March 13, 2020, in connection with COVID-19, Ginnie Mae provided Issuers temporary relief from the acceptable delinquency rate threshold requirement identified in Ch. 18, Part 3, § C of the Mortgage-Backed Securities (MBS).