Ginnie Mae Announces Certification Requirements for HMBS Program – NMP Skip to main content

Ginnie Mae Announces Certification Requirements for HMBS Program

Jan 03, 2011

Ginnie Mae has announced changes to the certification requirements for the Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS) Program. These changes are being made in order to accommodate the pooling of HECM loans related to life estates. The changes to the certification requirements in the Document Custodian Manual provide for the document custodian to verify that: ►The promissory note is executed by the holder of the life estate; ►The security instrument is executed by the holder of the life estate and any future interests; ►The intervening assignments reflect such mortgagors; and ►The title insurance lists such mortgagors as holding title. Applicable changes to the Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Rev. 1 (Guide) are posted under the “What’s New” section of Ginnie Mae’s Web site at www.ginniemae.gov.
About the author
Published
Jan 03, 2011
FHFA Studies Single Credit Report To Cut Mortgage Costs

The review could reshape lender workflows and credit expenses as Fannie Mae and Freddie Mac add VantageScore 4.0 to securities disclosures

AI Errors Leave Mortgage Trustee Without Brief In Foreclosure Appeal

Outside counsel’s fabricated citations expose a third-party oversight risk for mortgage servicers, trustees, and investors

Sep 10, 2026
CHLA Wants Ginnie Mae Liquidity Backstop Ready Before Next Crisis

Proposed G-TALF facility could help prevent a servicing cash crunch from constraining FHA, VA, and USDA lending

FHFA Opens VantageScore To All GSE Lenders, Eyes Credit Report Overhaul

Pulte removes 50-lender cap while considering bi-merge and single-bureau reports as additional ways to reduce mortgage costs

Closing Costs: What HUD’s Proposed Rule Will Really Do To The Market

HUD’s proposed rollback of housing protections could deepen barriers for underserved borrowers, shrink the pool of prospective homebuyers, and ultimately cost loan originators business

Aug 27, 2026
MISMO Gives Lenders A New Test For Mortgage AI Vendors

Two certifications move the industry’s FRAME initiative from governance guidance toward product-level validation and implementation

Aug 27, 2026