This is a notification from Ginnie Mae Document Custodian Wells Fargo Bank. As of November 4, 2021, WFB is no longer an approved Ginnie Mae Document Custodian due to a change in its business strategy communication is to outline the responsibilities and options available at this time to ensure its own continued compliance with MBS Program requirements.
Ginnie Mae acknowledges that the replacement of a Document Custodian and relocation of collateral documents imposes operational burdens and may trigger financial responsibilities