Ginnie Mae Announces Alignment of Liquidation Event Reporting with Industry Standards

Washington, D.C. - December 11, 2025 - Today, Ginnie Mae announced it was aligning its Liquidation Event Reporting (LER) for Ginnie Mae Issuers with other large market participants. The requirement is designed to enhance operational resiliency and strengthen the accuracy and timeliness of liquidation data used to calculate investor pass-through payments across the Ginnie Mae Mortgage-Backed Securities (MBS).

LER is designed to:

• Align Ginnie Mae's reporting practices with those other prominent actors in the industry, including Fannie Mae and Freddie Mac, which collect and disclose liquidation data on an ongoing basis.
• Enhance operational and business resiliency by improving the accuracy of pool factor calculations when standard Issuer reporting is disrupted.
• Improve data timeliness through event-based submission of full loan payoff (liquidation) events during the reporting month.
• Support investor disclosure by providing more timely liquidation data to help investors monitor and value their holdings.

Under the new LER requirements, Issuers will submit liquidation event reports on the business day following each liquidation rather than as part of a single month-end reporting process. This event-based reporting will enable Ginnie Mae to collect liquidation information throughout the reporting month, improving the accuracy of payment estimations if regular reporting is interrupted. In the future, Ginnie Mae plans​ to make more frequent LER disclosures available to investors.

"This important initiative will reduce the need for Issuers to have different but parallel processes for liquidation event reporting," said Ginnie Executive Vice President and Chief Operating Officer, Joe Gormley, "while also making our platform more resilient."

LER implementation is targeted for the February 2026 reporting period.
Ginnie Mae will conduct testing and training activities with Issuers ahead of mandatory reporting to support smooth implementation. Additional guidance will be issued ahead of implementation detailing submission processes and reporting requirements and with any relevant updates to program documentation. Contact Ginnie Mae's centralized service desk at [email protected] with any technical questions about this announcement. For any other questions, please contact your Account Executive directly. Visit APM 25-07 for more information.

About Ginnie Mae
Ginnie Mae is a wholly government-owned corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae MBS programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development's Office of Public and Indian Housing, and the U.S. Department of Agriculture's Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the U.S. Government. Additional information about Ginnie Mae is available atwww.ginniemae.gov and onX,YouTube,Facebook, andLinkedIn.

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