Ginnie Mae MBS Guide Chapter 16 — Custodial Accounts
GNMA MBS Guide Chapter 16 — Custodial Funds framework (P&I and escrow custodial accounts, central P&I custodial account with ACH-debit authorization, permissible withdrawal categories, escrow account rules with one-business-day corporate-fund advance, custodial institution rating requirements, quarterly CAV submissions, no overdrafts, 30-day reconciliation).
Verbatim regulatory text
Verbatim provisions from Ginnie Mae MBS Guide Chapter 16 — Custodial Accounts — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Ginnie Mae MBS Guide Ch. 16, Part 2 — Custodial Accounts
All Issuers must segregate the cash flow from pooled mortgages by identifying principal and
Ginnie Mae MBS Guide Ch. 16, Part 10 — Account Overdrafts
Overdrafts in bank accounts containing Ginnie Mae funds are not allowed under any
Ginnie Mae MBS Guide Ch. 16, Part 11 — Reconciliations of Custodial Accounts
Bank account reconciliations must be completed within 30 days of the Issuer’s monthly reporting