Ginnie Mae introduces liquidation‑event reporting; testing begins and mandatory rule expected in Q2
Ginnie Mae told issuers it will require real‑time liquidation event reporting (LER) via a new L record per APM 25‑7; issuer testing is ongoing, reporting may begin Feb. 3 after successful testing, testing closes Feb. 26, and the agency aims to make LER mandatory in the second quarter.
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Ginnie Mae outlined a new liquidation event reporting (LER) requirement and the testing and implementation timeline.
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