FREQUENTLY ASKED QUESTIONS - GinnieNET

• Programmatic Questions
• Technical Questions

Q: When will Issuers be able to test the new GinnieNET layout?

A: As stated in APM 08-22, Issuers need to contact BNY if they want to test the new GinnieNET file layout. Issuers may coordinate a testing time for their individual testing needs by calling the GinnieNET Help Desk at 1-800-234-4662 - option 1. Two testing periods are available the first is November 17, 2008 through December 19, 2008 and the second testing period is from January 12, 2009 through February 27, 2009.

Q: When will the new GinnieNET layout be implemented?

A: The new GinnieNET layout will be implemented effective for securities with an April 1, 2009 issue date. All pools will be required to be delivered using the new file layout, no exceptions.

Q: Is the Upfront MIP, the one-time total MIP?

A: Yes. The upfront Mortgage Insurance Premium is the one-time total.

Q: Is the Annual MIP the 1st renewal MIP?

A: Annual MIP is the insurance premium amount due on the next anniversary of the mortgage.

Q: Will the Loan Key (unique loan identifier) be required when requesting approval on repurchases?

A: Yes. The Unique Loan Identifier is required when requesting approval on a repurchase.

Q: Will the custodian be required to maintain the Unique Loan Identifier for reporting purposes?

A: No. The custodian is not required to maintain the Unique Loan Identifier for reporting purposes.

Q: If multiple credit scores are provided, which credit score should we report?

A: For FHA and RD, submit the decision credit score (the median score when three scores (one from each national credit bureau) are available, or the lesser of two scores when only two are available, and "one" when only one score is available). For VA, submit the median credit score (as entered on Form 26-0286). PIH does not collect credit scores.

Q: What if more than one data element has been modified in a loss mitigation loan? What value should we select in the "Previous Loss Mitigation Flag?"

A: This data element has been eliminated and the file layout will reflect this field as filler. The data element loan purpose is being expanded to capture loss mitigation loans.

Q: Which Loan Purpose Codes should be used on Loss Mitigation loans?

A: The loan purpose codes have been updated, loss mitigation is now option 3.

• Value 1 = Purchase
• Value 2 = Refinance
• Value 3 = Loss Mitigation
• Value 4 = Other

Q: Are we to report Combined Loan-to-Value when present, in the LTV data field?

A: No. The data element, as stated in the new GinnieNET file layout is loan-to-value. This is a required field and the Issuer is to report the standard loan-to-value of the mortgage. At this time there is not a separate combined loan-to-value data field.

Q: When reporting LTV are we to report the original LTV or the LTV at delivery?

A: Issuers are to report original Loan-to-Value.

Q: If a field does not apply to the loan or pool, should we report spaces or blanks?

A: If the field does not apply to the loan or pool, the field position is filled with SPACES/ BLANKS (hex 20).

Q: Is the file format for Single Family Import File layout a flat file text format?

A: Yes. It is a flat ASCII text file.

Q: Is the export file format changing within GinnieNet?

A: Yes. Issuers that test their file layout will be able to generate the new export file in the testing environment.

Q: Does the Single Family Import file consist of records P01, P02, P06, M01, M02, M03, M04, M05, M06, M07, M08, M10?

A: Yes. Record P05 is required if there is a subservicer or if the pool is for immediate transfer. In addition, record P07 is not required if maintenance has been updated with custodian information.

Q: When records are not required, do we fill records with spaces or exclude record from the import file completely?

A: Issuers should omit records that are not required.

Q: What is the order of the records in the file?

A: For a given pool, the physical records should be in order within the logical record (P01,P02,P06, M01, M02, M03, M04, M05, M06, M07, M08, M10, S01, S02, N01, N02, F01, F02, A01, A02, B01, B02). An import file may contain multiple pools. All the logical records for the first pool must be present before any records for the second pool.

Q: Is the field alignment justified to the left or right?

A: Numeric fields are left justified. Alphanumeric fields are right justified.

Q: Do we actually include the decimal in the value for numerical? For example the field length is 9 and the number of decimals is 3. Is the data 99999.999 or 999999999?

A: Yes. The data field should read 99999.999.

Q: Which of the new data elements will contain Warning and Fatal errors within GinnieNET?

A: Below are the required and optional new data fields.

Field Name	Required or Optional
Unique Loan ID (Required: for loans that are repooled)	Optional
Loan Type Code	Required
Loan Purpose	Required
Living Units	Required
Loan-to-Value	Required
Down Payment Assistance Flag	Required
Primary borrower SSN	Required
Co Borrower Name; up to 4 occurrences per loan	Optional
Co Borrower SSN; up to 4 occurrences per loan	Optional
Credit Score	Required, when collected for the loan
Loan Status Code	Required
Upfront MIP Amount	Required
Annual MIP Amount	Required

The new data elements identified as "required" in the table above are fatal edits. If the Issuer fails to provide this data the pool will not pass GinnieNET's edits and the pool will fail.