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Ginnie Mae training stresses correct RFS reporting and HUD 11‑7‑10e timing; warns against misposting FHA claim funds Ginnie Mae presenters warned issuers not to post FHA claim funds as borrower payments in RFS, reviewed how to complete the HUD 11‑7‑10e liquidation schedule (including placement of curtailment lines and a negative curtailment adjustment), and explained that past curtailments can generate LIQ202 and LIQ153 exceptions.

Ginnie Mae's recent training session revealed critical errors in reporting FHA claim funds, emphasizing the right approach to avoid costly mistakes in RFS.

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Ginnie Mae explains new daily liquidation-event reporting, sets 5 a.m. ET deadline Ginnie Mae staff walked issuers and servicers through the new single-family liquidation-event reporting (LER) process, saying LER must be reported by 5 a.m. Eastern the next business day once an issuer has passed testing; testing remains open through Feb. 26.

Ginnie Mae is rolling out a crucial daily liquidation-event reporting process that all issuers must master by the Feb. 3 deadline to avoid operational hiccups!

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