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Ginnie Mae confirms December PDS reporting start, voluntary forbearance file phased out by June 2025
Summary
Ginnie Mae told issuers its PDS reporting is 100% tested as of Nov. 1 and monthly PDS reporting will be required beginning Dec. 1, 2024; the voluntary supplemental forbearance file will continue through May 2025 and end thereafter.
Sylvia Bowling, a business analyst in Ginnie Mae’s Office of Securities Operations, opened the November modernization outreach call and said the session would cover PDS application updates among other topics.
Nona Farshad, Ginnie Mae IT project manager, told participants “as of November 1, PDS testing is 100%” and repeated the rollout schedule: PDS reporting will be required beginning 12/01/2024 using November 2024 data, monthly voluntary forbearance files will continue through the May 2025 reporting month, and the supplemental forbearance file will be discontinued for reporting months starting in June 2025. She referenced modernization bulletins and FAQs posted on GinnieMae.gov and said training sessions remain available, including a November 26 webinar.
Why it matters: the change consolidates disclosure reporting into the PDS dataset and removes the supplemental forbearance feed after the voluntary transition period, which will alter issuers’ monthly reporting processes and the timing of data the agency uses for investor‑level analytics.
Panel guidance and next steps: Farshad asked issuers to review the modernization bulletin appendices and to contact the service desk (ask@ginniemae.gov) with follow‑up questions. Training and updated user manuals will be posted to GinnieMae.gov in advance of the December reporting deadline.
The outreach team said it will collect participant feedback through a post‑meeting survey; the call closed with a reminder to register for additional training and subscribe to announcements for future schedule updates.
