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Revise the Ginnie Mae Confidential Information Policy to state that in the future, (a) nondisclosure forms and agreements must include the anti-gag provision as required by law and (b) confidentiality clauses in personnel settlement agreements must include the anti-gag provision if the clause restricts disclosure of any other information beyond the terms and conditions of the agreement itself.
Develop and implement an agencywide crisis readiness plan addressing likely hazards arising from a crisis. This guidance should include all key elements that meet CIGFO crisis guidance.
Prescribes how the contracting officer representative will review information provided by the MSS and provide actionable feedback to ensure MSS readiness.
Assesses what information Ginnie Mae needs from the MSS to ensure that they have the capacity for a large- or multiple-issuer extinguishment.
Update its policies and procedures to define how Ginnie Mae intends to identify and evaluate prospective buyers to ensure its ability to absorb the extinguished portfolio before executing the purchase and sale agreement.
Corrective Action Taken
Update its Policies and procedures to define how Ginnie Mae will determine the portfolio value and price before Sale.
Corrective Action Taken
Update its policy and procedures to define what type of information Ginnie Mae may disclose and how it will handle protected information before extinguishment.
Corrective Action Taken
Update its policy and procedures to define its authority for marketing troubled issuer portfolios and the conditions that must exist to extinguish issuers using rapid relocation.
Corrective Action Taken
Ensure that all necessary information regarding terminated VA loans is included in the matching process.
Update and synchronize the SOP and the matching procedure. The updates should include notifications that provide issuers with unmatched loans adequate time to take corrective action to comply with the requirements of the MBS Guide to put $903 million to better use by ensuring that the appropriate agency insurance or guarantee is in place.
