Ginnie Mae RFS Expanded Data Collection Additional Testing Requirements
Ginnie Mae (GNMA) APM 23-05, APM 24-03, and Modernization Bulletin 39 announced implementation details on additional loan-level data elements required to be included in the Reporting and Feedback System (RFS) investor reporting process, effective September 1, 2024, for August 2024 activity.
The testing phase for RFS updates is from March 2024 to August 2024. Fusion Servicing Director offers a GNMA RFS Beta package for clients who would like to test the updated RFS file. For more information, go to Testing updated GNMA reporting and feedback system.
Modernization Bulletin 42 was subsequently issued, requiring testing organizations to register using the RFS Registration Form and submit their RFS Test Plan by May 15, 2024. For assistance, please contact Ginnie Mae Customer support at askGinnieMae@hud.gov.
This Product Bulletin is posted to make you aware of the issue it describes so you can determine the steps or changes necessary to mitigate or avoid risk, ensure document compliance, or otherwise address the issue. This bulletin does not constitute legal advice. Any legal questions that your financial institution has should be directed to your compliance officer and legal counsel.
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