Home
Forms Library
Chapter 31 Combined Guide Test - Ginnie Mae

Chapter 31 Combined Guide Test - Ginnie Mae 2025

Chapter 31 Combined Guide Test - Ginnie Mae Preview on Page 1

Show details

4.8 out of 5

61 votes

The document 4470.1 REV-2, Chapter 15, outlines the procedures and requirements for bond financed projects, focusing on the review of financing documents, loan rates, itemized costs, and pre-cost certification conference information. It specifies that the Field Office does not review mortgage bond financing documents but requires sponsors to submit detailed cost statements. It discusses how surplus funds from loan rates must be managed by a trustee and provides guidelines for recognizing costs associated with bond issuance. Additionally, it addresses the treatment of excess investment income and conditions under which costs may exceed standard limits.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to modify Chapter 31 Combined Guide Test - Ginnie Mae online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation requires only a few simple clicks. Make these quick steps to modify the PDF Chapter 31 Combined Guide Test - Ginnie Mae online free of charge:

Register and log in to your account. Sign in to the editor with your credentials or click on Create free account to test the tool’s functionality.
Add the Chapter 31 Combined Guide Test - Ginnie Mae for redacting. Click the New Document button above, then drag and drop the document to the upload area, import it from the cloud, or using a link.
Adjust your file. Make any adjustments needed: insert text and pictures to your Chapter 31 Combined Guide Test - Ginnie Mae, underline information that matters, remove parts of content and substitute them with new ones, and add symbols, checkmarks, and areas for filling out.
Finish redacting the template. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is super intuitive and efficient. Try it out now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between Ginnie Mae I and II?

There are two pools of Ginnie Mae pass-through securities generating income: Ginnie Mae I and Ginnie Mae II. Ginnie Mae I, or GNMA I MBS, is composed of mortgages that pay principal and interest on the fifteenth of every month, while the Ginnie Mae II, or GNMA II MBS, does the same on the twentieth of every month.

What happens to GNMa when interest rates rise?

‭‬ Ginnie Mae I vs Ginnie Mae II Ginnie Mae I vs Ginnie Mae II Maturity Maximum 30 years for Single-Family; 40 years for Multifamily Minimum Certificate Size $25,000; $1,000 for Multifamily Construction Loans; $1 increments Minimum Pool Size $1,000,000 (Single-Family); $250,000 (Multifamily)10 more rows Jan 21, 2025

What is the difference between Ginnie Mae I and Ginnie Mae II?

The Ginnie Mae I MBS Program is for the issuance of securities backed by Single- Family or Multifamily loans. The Ginnie Mae II MBS Program is for the issuance of securities backed by Single- Family loans (MBS) and also contains special provisions for the issuance of HMBS.

What is the minimum servicing fee for Ginnie Mae?

The minimum servicing fee, exclusive of the guaranty fee, is 12 basis points. The minimum spread between the mortgage note and the security interest rate is, therefore, 25 basis points.

What are the new capital requirements for Ginnie Mae?

A new memorandum reiterates that beginning on Dec. 31, 2024, certain issuers and applicants will also be required to maintain a Risk Based Capital Ratio (RBCR) of 6% which is a function of risk weighted assets to Adjusted Net Worth.

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

Which of these is a point of differentiation between Ginnie Mae and Fannie Mae Freddie Mac and Farmer Mac?

GNMA prices can rise or fall depending on interest rates. If interest rates rise, the market price of outstanding GNMA bonds generally will decline.

What is the net worth requirement for Ginnie Mae?

Most of the new requirements will become effective on September 30, 2023: Revised net worth requirements. Currently, the minimum base net worth requirement for SF Applicants is $2.5 million, and for SF Issuers, it is $2.5MM plus 35 basis points of Ginnie Mae single-family outstanding obligations.

Chapter 31 Combined Guide Test - Ginnie Mae 2025

Here's how it works

How to modify Chapter 31 Combined Guide Test - Ginnie Mae online

Complete this form in 5 minutes or less

Got questions?

What is the difference between Ginnie Mae I and II?

What happens to GNMa when interest rates rise?

What is the difference between Ginnie Mae I and Ginnie Mae II?

What is the minimum servicing fee for Ginnie Mae?

What are the new capital requirements for Ginnie Mae?

Complete this form in 5 minutes or less

People also ask

Which of these is a point of differentiation between Ginnie Mae and Fannie Mae Freddie Mac and Farmer Mac?

What is the net worth requirement for Ginnie Mae?

Related links

Try more PDF tools