Ginnie Mae MBS Guide Chapter 20 — Maturity or Termination of Pool

gnma-mbs-ch20

GNMA MBS Guide Chapter 20 — pool maturity and early termination (Ginnie Mae I 15th-of-month final payment, Ginnie Mae II 20th-of-month; security-holder consent + Ginnie Mae approval for early termination; HUD 11710-A with RPB zero, final guaranty fee via pay.gov by 25th calendar day of termination month; prohibition on termination via unilateral prepayment above mortgagor payments except after 90-day default; remit residual P&I custodial funds to CPTA).

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source:
  type: regulation
  id: gnma-mbs-ch20
  authority: Ginnie Mae MBS Guide Chapter 20 — Maturity or Termination of Pool
  description: |
    GNMA MBS Guide Chapter 20 — pool maturity and early termination
    (Ginnie Mae I 15th-of-month final payment, Ginnie Mae II 20th-of-month;
    security-holder consent + Ginnie Mae approval for early termination;
    HUD 11710-A with RPB zero, final guaranty fee via pay.gov by 25th
    calendar day of termination month; prohibition on termination via
    unilateral prepayment above mortgagor payments except after 90-day
    default; remit residual P&I custodial funds to CPTA).
obligations:
  - id: gnma-mbs-ch20-early-termination-requires-approval
    canonical_id: gnma-mbs-ch20-early-termination-requires-approval
    section: 'Ginnie Mae MBS Guide Ch. 20, Part 3, Section A — Early Termination of Pool: General Requirements'
    description: |
      A Ginnie Mae I MBS pool, a Ginnie Mae II MBS custom pool or a Ginnie
      Mae II multiple Issuer pool containing only one loan package may be
      terminated prior to the stated maturity date only if [ISSUER] and
      all security holders of the outstanding securities relating to the
      pool have entered into an agreement for the termination and if
      Ginnie Mae has approved the termination.
    type: do
    audit_question: For every early pool termination, can [ISSUER] evidence (i) an agreement for termination with ALL security holders of the outstanding securities relating to the pool and (ii) Ginnie Mae’s approval of the termination?
    program_review: Does the program ensure any early pool termination has an agreement with ALL security holders of the related outstanding securities and Ginnie Mae's approval?
    file_review: For early terminations, confirm an all-security-holder termination agreement and Ginnie Mae approval.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: per-pool-termination
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch20
      - early-termination
      - approval-required
      - promoted
    primary_source:
      tier: 1
      authority: 'Ginnie Mae MBS Guide Chapter 20, Part 3, Section A — Early Termination of Pool: General Requirements'
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_20.pdf
      snapshot_id: 47879d2a1ad678c6
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:7ce5dbb545b29e1cc933caa74dcafda3172a8037889bb114c7f8c9784f617af2
      paragraph_quote: 'A Ginnie Mae I MBS pool, a Ginnie Mae II MBS custom pool or a Ginnie Mae II multiple Issuer '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 20 snapshot 47879d2a1ad678c6 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:25+00:00'
    promoted_from: gnma-mbs-ch20-roundb-v1.yaml
  - id: gnma-mbs-ch20-no-unilateral-prepayment-termination
    canonical_id: gnma-mbs-ch20-no-unilateral-prepayment-termination
    section: 'Ginnie Mae MBS Guide Ch. 20, Part 3, Section A — Early Termination of Pool: General Requirements'
    description: |
      No pool may be terminated as a result of [ISSUER]'s or subcontract
      servicer's unilaterally prepaying either loans or securities in
      excess of the scheduled and unscheduled payments received from the
      mortgagors, except in the event of a default continuing for 90 days
      or more.
    type: dont
    audit_question: Can [ISSUER] evidence that no pool was terminated as a result of [ISSUER] or its subcontract servicer unilaterally prepaying loans or securities in excess of scheduled and unscheduled payments received from mortgagors, except in the event of a default continuing for 90 days or more?
    program_review: Does the program ensure no pool is terminated by Issuer/subcontract-servicer unilateral prepayment of loans or securities beyond scheduled/unscheduled mortgagor payments, except on a default continuing 90+ days?
    file_review: Review terminations; confirm none resulted from unilateral excess prepayment, except where a 90+-day default applied.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: per-pool-termination
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch20
      - no-unilateral-prepayment
      - 90-day-default-exception
      - promoted
    primary_source:
      tier: 1
      authority: 'Ginnie Mae MBS Guide Chapter 20, Part 3, Section A — Early Termination of Pool: General Requirements'
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_20.pdf
      snapshot_id: 47879d2a1ad678c6
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:7ce5dbb545b29e1cc933caa74dcafda3172a8037889bb114c7f8c9784f617af2
      paragraph_quote: 'No pool may be terminated as a result of the Issuer’s or subcontract servicer’s unilaterally '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 20 snapshot 47879d2a1ad678c6 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:25+00:00'
    promoted_from: gnma-mbs-ch20-roundb-v1.yaml
  - id: gnma-mbs-ch20-remit-remaining-pi-funds
    canonical_id: gnma-mbs-ch20-remit-remaining-pi-funds
    section: Ginnie Mae MBS Guide Ch. 20, Part 3, Section C — Disposition of Remaining Funds
    description: |
      Upon termination or maturity of a pool, any funds remaining in the
      pool P&I custodial account that relate to the terminated pool, and
      to which [ISSUER] is not otherwise entitled based on the terms of
      the applicable Guaranty Agreement and this Guide, must be remitted
      to the CPTA.
    type: do
    audit_question: For every terminated or matured pool, can [ISSUER] evidence remittance to the CPTA of any funds remaining in the pool P&I custodial account that related to the terminated pool and to which [ISSUER] was not otherwise entitled under the applicable Guaranty Agreement and this Guide?
    program_review: Does the program ensure that on pool termination/maturity, any remaining P&I-custodial-account funds related to the pool to which the Issuer is not entitled are remitted to the CPTA?
    file_review: For terminated/matured pools, confirm remittance to the CPTA of remaining unentitled P&I-custodial funds.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: escrow_analyst
    cadence: per-pool-termination
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - gnma
      - mbs-guide
      - ch20
      - residual-funds
      - remit-to-cpta
      - promoted
    primary_source:
      tier: 1
      authority: Ginnie Mae MBS Guide Chapter 20, Part 3, Section C — Disposition of Remaining Funds
      source_class: gnma-mbs-guide
      source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_20.pdf
      snapshot_id: 47879d2a1ad678c6
      fetched_at: '2026-05-23T00:30:00Z'
      content_hash: sha256:7ce5dbb545b29e1cc933caa74dcafda3172a8037889bb114c7f8c9784f617af2
      paragraph_quote: 'Upon termination or maturity of a pool, any funds remaining in the pool P&I custodial account '
      drafter_attestation: Copied verbatim from GNMA MBS Guide Chapter 20 snapshot 47879d2a1ad678c6 at 2026-05-23.
    promoted_at: '2026-05-23T01:32:25+00:00'
    promoted_from: gnma-mbs-ch20-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T01:31:40+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch20-roundb-v1.yaml
    candidates_promoted: 0
    candidates_skipped_existing: 0
  - promoted_at: '2026-05-23T01:32:25+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\gnma-mbs-ch20-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Ginnie Mae MBS Guide Chapter 20 — Maturity or Termination of Pool — 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. 20, Part 3, Section A — Early Termination of Pool: General Requirements

A Ginnie Mae I MBS pool, a Ginnie Mae II MBS custom pool or a Ginnie Mae II multiple Issuer

Source: Ginnie Mae MBS Guide Chapter 20, Part 3, Section A — Early Termination of Pool: General Requirements · source URL · snapshot 47879d2a1ad678c6

Ginnie Mae MBS Guide Ch. 20, Part 3, Section A — Early Termination of Pool: General Requirements

No pool may be terminated as a result of the Issuer’s or subcontract servicer’s unilaterally

Source: Ginnie Mae MBS Guide Chapter 20, Part 3, Section A — Early Termination of Pool: General Requirements · source URL · snapshot 47879d2a1ad678c6

Ginnie Mae MBS Guide Ch. 20, Part 3, Section C — Disposition of Remaining Funds

Upon termination or maturity of a pool, any funds remaining in the pool P&I custodial account

Source: Ginnie Mae MBS Guide Chapter 20, Part 3, Section C — Disposition of Remaining Funds · source URL · snapshot 47879d2a1ad678c6