This is an updated letter from Ginnie Mae regarding Wells Fargo Management Collateral Documentation.
This serves as an update to Ginnie Mae’s November 17, 2021, letter (“Letter”) regarding the management of Ginnie Mae collateral documents held by Ginnie Mae Document Custodian Wells Fargo Bank, N.A. (“WFB”). As Ginnie Mae conveyed in the Letter, as of November 4, 2021, WFB is no longer an approved Ginnie Mae Document Custodian.
In the Letter, Ginnie Mae mandated that Issuers whose collateral document management