07/01/2023 1 GNMA HMBS Pool Disclosure Definitions

Ginnie Mae HMBS Pool Disclosure Definitions

Version 4.5

The following five Sections provide the definitions, calculations, and descriptions of the 

data elements under Ginnie Mae’s HMBS Pool/New Issuance Daily and Weekly 

disclosure, and the HMBS Monthly Pool Disclosure:

Section # Section Name

1 Definition of Terms

2

Description of Statistics Disclosed/How the Statistics are 

Derived

3 Examples of Calculations for WALA

4 Record Types and Data Items Disclosed

5 Ginnie Mae Disclosure Change History

Appendix A HMBS Disclosure Files Summary

Disclaimer related to these disclosure definitions: The data related to these 

definitions in Ginnie Mae’s HMBS Pool Disclosure were originally provided to 

Ginnie Mae by Ginnie Mae Issuers. Ginnie Mae makes no warranty, express or 

implied, on the accuracy, adequacy, completeness, legality or reliability of the data. 

Ginnie Mae hereby disclaims any liability associated with use of this data or any 

damages resulting from third party use of this data. This disclaimer applies to both 

isolated and aggregate uses of information.
07/01/2023 2 GNMA HMBS Pool Disclosure Definitions

Section 1 - Definition of Terms

Definition of Terms

Term Definition

HECM Loan The only reverse mortgage insured by the U.S. Federal 

Government is called a Home Equity Conversion Mortgage or 

HECM, and is only available through an FHA approved lender. 

The HECM enables the borrower to withdraw some of the 

equity in their home. The borrower can choose how to 

withdraw their funds, whether in a fixed monthly amount, a line 

of credit, or a combination of both. In this discussion, the 

HECM loan is referred to simply as “the loan”.

Primary Mortgage Market In the primary mortgage market, HECM loans are originated.

A HECM is originated by borrowers working directly with 

lenders, or maybe with the assistance of a mortgage broker. 

There are several different types of HECM lending institutions: 

banks, savings and loans, credit unions, and mortgage finance 

companies.

Secondary Mortgage Market A market comprising investors who buy large numbers of 

mortgages from the primary lenders and resell them to other 

investors.

HMBS In the context of this discussion, a security is a financial 

instrument sold or traded as an investment. HMBS stands for 

HECM Mortgage-Backed Security. A mortgage-backed security 

is a security that is considered “asset-based” because the 

security is backed by a HECM or collection of HECMs. 

Typically, holders of HECM mortgage-backed securities will not 

receive regular payments.
07/01/2023 3 GNMA HMBS Pool Disclosure Definitions

Definition of Terms

Ginnie Mae Government National Mortgage Association (GNMA or Ginnie 

Mae) is a government organization that participates in the 

HECM secondary mortgage market, guaranteeing securities 

based on pools of loans made under the Federal government 

program FHA. The agency FHA is defined below.

Ginnie Mae HMBS A Ginnie Mae HMBS is a mortgage-backed security issued by 

the Government National Mortgage Association. The Ginnie 

Mae HMBS securities are the only HMBS products that are 

backed by the full faith and credit of the United States 

government. This makes the Ginnie Mae HMBS unique 

among the HMBS products in the secondary mortgage market.

Pool A collection of HECM loan Participations, which is the basis 

for a HECM mortgage-backed security.

Loan An individual HECM loan that is part of a HECM loan pool. 

Monthly Loan Level Disclosure information is provided at the 

HECM loan level and Participation level

Issuer Issuer refers to an entity which issues and is obligated to pay 

amounts due on securities. For each issuer, there is a unique

four-digit issuer number and a name of the issuing institution.

Agency All of the HECM loans underlying Ginnie Mae HMBS pools of 

loans are made under the Federal government FHA program. 

FHA is involved in the underwriting of the original HECM loans 

made under the agency’s respective program. FHA provides 

data to Ginnie Mae on a continuing basis for the HECM loans 

made under the agency’s programs. FHA is defined below.
07/01/2023 4 GNMA HMBS Pool Disclosure Definitions

Definition of Terms

FHA FHA or Federal Housing Administration is part of the US 

Department of Housing and Urban Development (HUD). FHA

has many programs to support homeownership. FHA is the 

largest mortgage insurer in the world and also regulates housing 

industry business.

Disclosure In the United States, publicly traded securities are regulated by 

the Securities and Exchange Commission (SEC). The SEC 

requires that for publicly traded securities disclosure information 

must be provided.

Purpose of Disclosure Disclosure information is used by investors, potential investors, 

and investment analysts to help evaluate the potential 

investment value and risk involved in a given security, such as 

a HECM mortgage-backed security (HMBS).

Disclosure Data Sources For Ginnie Mae HECM mortgage-backed securities, the 

sources of the information provided in disclosure are the issuer 

of the given security and FHA.

Types of Data Disclosed Some disclosure data concerns the loan pool itself, such as 

the date the pool was issued, and “number of loans” for a 

given state in the State Record.

Frequency of Disclosure Comprehensive HMBS Monthly Pool Disclosure is produced on 

a monthly basis.
07/01/2023 5 GNMA HMBS Pool Disclosure Definitions

Definition of Terms

Data Item or Data Field A data item or “data field” is one specific piece of information 

. ty 

within a disclosure record. Examples are “pool issued date” in 

the Pool Header Record and “original principal limit” for a 

given loan in the loan level records.

Data Condition Certain variables in the data may have a set of discrete 

possibilities, somewhat like multiple choice. An example would 

be “Property Type”. In Ginnie Mae disclosure, the Property

Type for a given loan may be “1 - Single Family”, “2 –

Condominium”, “3 - Manufactured Housing”, “4 - Planned Unit 

Development” or “Property Type Not Available”. Each of these

is considered a distinct data condition. There is a separate 

aggregation and reporting for each of these three data 

conditions. This means that for the Property Type data

condition “1-unit”: the number of “1-unit” loans for the pool is 

reported, as well as the total UPB of “1-unit” loans, and also 

that UPB amount expressed as a percentage of the pool’s 

total UPB. These same three statistics (number of loans, the 

total UPB for these loans, and that UPB as a percentage of 

the pool’s total UPB) are also separately reported for loans for

“Condo”, “Manufactured Housing”, “Planned Unit Development”

and for “Property Type Not Available”.
07/01/2023 6 GNMA HMBS Pool Disclosure Definitions

Section 2 - Description of Statistics Disclosed and How the Statistics are 

Derived

Description of Statistics Disclosed

Most statistics disclosed are gathered at the loan level and aggregated for disclosure 

at the pool level. There are several statistics commonly disclosed for a given data 

condition:

Data Statistic Description Formula

Number of 

Participations

Number of Participations within the 

pool having a given condition, such 

as the number of Participations 

having a Payment Option of “2”

(Term). The number of

participations having a given 

condition is obtained by counting for 

the pool the number of 

participations having that condition.

Count of Participations with a

given condition

Total Participation

UPB

Total UPB (Unpaid Principal

Balance) of a pool’s participations 

having a given condition, such as 

the number of Participations 

having a Payment Option of “2”

(Term). The total ending UPB for 

all participations within the pool 

having a given condition is obtained 

by summing the UPB of all such 

participations.

Sum of UPB for participations with

a given condition
07/01/2023 7 GNMA HMBS Pool Disclosure Definitions

Description of Statistics Disclosed

Total Participation

UPB as a

Percentage of the 

Pool UPB

Total UPB of a pool’s participations

having a given condition expressed 

as a Percentage of the Pool’s UPB. 

For example, the percentage of the 

pool’s participation UPB for all

participations having a Payment 

Option of “2” (Term). This UPB

percentage is calculated by dividing 

the total participation UPB of the 

given condition by the Pool’s UPB.

Sum of UPB for Participations with

a given condition

divided by

the Pool’s UPB

Total Participation

UPB as a

Percentage of the 

Principal Limit of

the associated

HECM Loans

Total UPB of a pool’s participations

having a given condition expressed 

as a percentage of the total

Principal Limit of the associated

HECM Loans. For example, the

percentage of the pool’s 

participation UPB for participations

having a Payment Option of “2”

(Term). This UPB percentage is 

calculated by dividing the total 

participation UPB of the given 

condition by the total of the HECM 

Principal Limits for all HECMs 

associated with those Participations.

Sum of the UPB for Participations

with a given condition

divided by

the total of the HECM Principal

Limit for all HECMs associated

with those Participations
07/01/2023 8 GNMA HMBS Pool Disclosure Definitions

Description of Statistics Disclosed

Total Participation 

UPB as a 

Percentage of the 

Maximum Claim 

Amount (MCA) of 

the associated 

HECM Loans

Total UPB of a pool’s participations

having a given condition expressed 

as a percentage of the total MCA 

of the associated HECM Loans. For 

example, the percentage of the 

pool’s participation UPB for 

participations having a Payment 

Option of “2” (Term). This UPB

percentage is calculated by dividing 

the total participation UPB of the 

given condition by the total of the 

HECM Loan MCA for all HECM

Loans associated with those 

Participations. 

Sum of the UPB for Participations

with a given condition

divided by

the total of the HECM Loan MCA 

for all HECM Loans associated 

with those Participations 

Total HECM Loan 

UPB as a 

Percentage of the 

Principal Limit of 

the same HECM 

Loans

Total UPB of all HECM Loans 

having a given condition that are 

associated with a pool’s 

participations expressed as a 

percentage of the total Principal 

Limit of the same HECM Loans. For 

example, the percentage of the 

HECM Loan UPB for loans having 

a Payment Option of “2” (Term). 

This UPB percentage is calculated 

by dividing the total HECM Loan 

UPB for loans having a given 

condition that are associated with a 

pool’s participations by the total of 

the HECM Loan Principal Limits for 

those same HECM loans. 

Sum of the UPB for HECM Loans

with a given condition that are 

associated with a Pool’s 

participations

divided by

the total of the HECM Principal 

Limit for those same HECM Loans
07/01/2023 9 GNMA HMBS Pool Disclosure Definitions

Description of Statistics Disclosed

’s 

Total HECM Loan

UPB as a

Percentage of the 

Maximum Claim

Amount (MCA) of

the same HECM 

’s 

Loans

Total UPB of all HECM Loans

having a given condition that are

associated with a pool’s

participations expressed as a 

percentage of the total MCA of the 

same HECM Loans. For example, 

the percentage of the HECM Loan

UPB for loans having a Payment 

Option of “2” (Term). This UPB

percentage is calculated by dividing 

the total HECM Loan UPB for loans 

having a given condition that are 

associated with a pool’s 

participations by the total of the 

HECM Loan MCA for those same 

HECM loans.

Sum of the UPB for HECM Loans

with a given condition that are 

associated with a Pool’s

participations

divided by

the total of the HECM MCA for

those same HECM Loans
07/01/2023 10 GNMA HMBS Pool Disclosure Definitions

How the Statistics are Derived

Additional aggregate statistics for the pool are: 1) simple average, 2) weighted 

averages, and 3) quartiles:

Data Statistic Description Formula

Simple Average The simple average of a 

data item is the sum of all 

valid values of that data 

item divided by the count 

of valid values. An 

example would be the 

Average Original 

Participation Size (AOPS). 

In a pool with 100 

participations, 90 of those 

participations have a valid 

value for Original Principal 

Balance (OPB). To obtain 

the AOPS for the given 

pool, the OPB values are 

summed for the 90 

participations having a 

valid value and that sum 

is divided by 90 (the 

number of participations 

with a valid value for 

OPB).

Simple Average of <data item> = Sum(<data 

item>) / Number of Participations
07/01/2023 11 GNMA HMBS Pool Disclosure Definitions

Weighted 

Average

In forming a weighted average for a given data 

item, a weight is applied to the values being 

averaged. In the weighted average, use of the

UPB as the weight makes those participations with 

larger UPB values have a larger part in 

determining the weighted average.

A weighted average is an average of one variable 

where another variable is used as a “weight”. For

Ginnie Mae disclosure, weighted averages use the 

participation UPB (Unpaid Principal Balance) as 

the weight. For instance, the Weighted Average 

Loan Age for a pool is the Loan age for each

participation in the pool, weighted by the UPB of 

each participation in the pool.

In disclosure, the weighted averages disclosed are:

In the Pool Detail (Type D) Record: WAC 

Weighted Average Coupon (interest) (WAC) rate

(note that this field value is reported by the 

issuer); WALA (weighted average loan age)

In the Weighted Averages and Quartiles Pool 

Detail (Type W) Record: weighted average 

Expected Mortgage Interest Rate, weighted 

average Servicing Fee Set-Aside, weighted 

average Original Funding Age, weighted average 

Property Valuation Amount, weighted average 

Original Term of Payments, weighted average 

Property Charges Set-Aside, weighted average 

Property Repair Set-Aside, weighted average 

Original Available Line of Credit, weighted average 

Original Draw Amount, weighted average Mortgage 

Margin, weighted average Lifetime Floor Rate,

weighted average Remaining Available Line of 

Credit, weighted average Monthly Scheduled 

Payment, weighted average Remaining Term of

Weighted Average of <data 

item> = (Sum ((<data 

item>) * (Participation

UPB)))/(Sum (Participation

UPB))
07/01/2023 12 GNMA HMBS Pool Disclosure Definitions

How the Statistics are Derived

Payments, weighted average Credit Line Set-Aside, 

weighted average Lifetime Interest Rate Cap, 

weighted average Annual Interest Rate Change 

Cap, weighted average Maximum Interest Rate,

weighted Average Eligible Non-borrowing Spouse

Age, weighted average Initial Remaining Available 

Line of Credit, and weighted average Initial

Monthly Scheduled Payment Amount.
07/01/2023 13 GNMA HMBS Pool Disclosure Definitions

Quartiles Quartiles are used for disclosure to provide more detail about the 

frequency distribution of data values than is provided by a weighted 

average. Quartiles are disclosed in sets of five values. These five

values are referred to as Q4, Q3, Q2, Q1, and Q0. These quartile 

values are defined as follows:

Q4 is the maximum value of the data item within the pool, such as 

the Expected Average Mortgage Interest Rate value

Q3 is the 75th Percentile value. This value is the value such that

75% of the pool’s total participation UPB is in participations with a 

value less than the Q3 quartile value

Q2 is the 50th Percentile (or Median) value. This value is the

value such that 50% of the pool’s total participation UPB is in 

participations with a value less than the Q2 quartile value and 50% 

of the pool’s total UPB is in loans with a value more than the Q2 

quartile value.

Q1 is the 25th Percentile value. This value is the value such that

25% of the pool’s participation UPB is in participations with a value 

less than the Q1 quartile value

Q0 is the minimum value of the data item within the pool, such as 

the minimum Expected Average Mortgage Interest Rate value

In disclosure, the quartiles disclosed are:

In the Weighted Averages and Quartiles Pool Detail (Type W) 

Record: Expected Mortgage Interest Rate quartiles, Servicing Fee 

Set-Aside quartiles, Original Funding Age quartiles, Property 

Valuation Amount quartiles, Original Term of Payments quartiles,

Property Charges Set-Aside quartiles, Property Repair Set-Aside

quartiles, Original Available Line of Credit quartiles, Original Draw 

Amount quartiles, Mortgage Margin quartiles, Lifetime Floor Rate

quartiles, Remaining Available Line of Credit quartiles, Monthly 

Scheduled Payment quartiles, Remaining Term of Payments

quartiles, Credit Line Set-Aside quartiles, Lifetime Interest Rate 

Change Cap quartiles, Annual Interest Rate Change Cap quartiles, 

Maximum Interest Rate quartiles, Eligible Non-borrowing Spouse 

Age quartiles, Initial Remaining Available Line of Credit quartiles, 

and Initial Monthly Scheduled Payment Amount quartiles.

N/A
07/01/2023 14 GNMA HMBS Pool Disclosure Definitions

How the Statistics are Derived

Section 3 – Example of Calculations for WALA

Note: The example below use a pool with 10 participations having valid 

values for Loan Age.

Example 1 – WALA (Weighted Average Loan Age) Participations

Loan Loan Age (Months) Participation Unpaid Principal 

Balance (UPB)

1 302 3116795

2 301 1955630

3 301 2393167

4 301 2907909

5 301 4340513

6 300 1661000

7 300 2221840

8 300 107085

9 300 2296314

10 300 2754908

WALA of 300.7506078 is rounded to a WALA of 301.
07/01/2023 15 GNMA HMBS Pool Disclosure Definitions

WALA Quartile Results

Quartile Description Value

q4 Maximum 302

q3 75th Percentile 301

q2 Median or 50th Percentile 301

q1 25th Percentile 300

q0 Minimum 300
07/01/2023 16 GNMA HMBS Pool Disclosure Definitions

Section 4 - Record Types and Data Items Disclosed

Record Types generated by Expanded HMBS Monthly Pool Disclosure:

• Pool Detail Record (Type D)

• Top 10 MSAs Record (Type M)

• State Distribution Record (Type S)

• Supplemental Pool Detail Record (Type U)

• Various Data Record (Type V)

• Weighted Averages and Quartiles Pool Detail Record (Type W)

• Eligible Non-borrowing Spouse Record (Type X)

Record Header

Every disclosure record has the following record header information at the beginning of 

the record.

Data Item Description

CUSIP Number The CUSIP number is a unique, nine-character identification 

number permanently assigned by the Committee on Uniform 

Securities Identification Procedures to each publicly traded 

security at the time of issuance.

Pool ID The Pool ID or Pool ID is a six-character value identifying a 

collection of participations that are the basis for a HECM loan 

mortgage-backed security.

Pool Indicator A one-character value identifying the Issue Type of the given 

pool. (always “H”)
07/01/2023 17 GNMA HMBS Pool Disclosure Definitions

Record Header

Pool Type A two-character value identifying the type of pool of the given 

pool, such as RF - Fixed Rate; RA - One Year Adjustable Rate, 

CMT; RM - Monthly Adjustable Rate, CMT; AL - One Year

Adjustable Rate, LIBOR; ML - Monthly Adjustable Rate, LIBOR; 

SA – One Year Adjustable Rate, SOFR.

Record Type A one-character identifier for the record type. Values are:

D = Pool Detail Record

M = Top 10 MSAs Record

S = State Distribution Record

U = Supplemental Data Record

V = Various Data Record

W = Weighted Averages and Quartiles Data Record

Pool Detail Record (Type D) Layout 

Data Item Description

Current Security Interest Rate 

(WAC)

The current average security interest rate for the pool.

Pool Issue Date The date the pool was issued; always the first of any given 

month.

Original Aggregate Amount The sum of the participation balances at origination. This is 

the sum of the mortgage outstanding balances.

Issuer Number A four-digit number that identifies an entity that issues and is 

obligated to pay amounts due on securities.

Issuer Name The name of the issuing institution for the pool.
07/01/2023 18 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Index Type The type of ARM index being used. It will be either CMT

(Constant Maturity Treasury), LIBOR (London Interbank Offered 

Rate), or SOFR (Secured Overnight Financing Rate).

Number of Participations The current number of participations in the pool.

Average Original Participation 

Size (AOPS)

Simple average of the participation Original Principal Balance 

(OPB) values, for all the current participations in the pool.

Maximum AOPS (Q4) The largest participation OPB in the pool.

Minimum AOPS (Q0) The smallest participation OPB in the pool.

WAC of the Participations The reported prospective Weighted Average Coupon (WAC) of 

the pool.

Maximum WAC (Q4) The largest reported participation prospective interest rate of all 

the Participations in the pool. 

Minimum WAC (Q0) The smallest reported non-zero participation prospective 

interest rate of all the Participations in the pool.

Weighted Average Loan Age of 

the Participations

The average Loan age for all the participations in a pool, 

weighted by the UPB of each participation that is in the pool.

Maximum WALA (Q4) The largest participation WALA value of the pool.

Minimum WALA (Q0) The smallest participation WALA value of the pool.

Pool-Level Aggregate Breakdown of Payment Option
07/01/2023 19 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Payment Option Term The borrower Payment Option for the HECM loan associated 

with the participation is “term”. Statistics provided are: the 

number of participations where the payment option = “term”;

the total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB; the 

total participation UPB as a percentage of the total Principal

Limit of the associated HECM loans; the total participation

UPB as a percentage of the total Max Claim Amount of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Principal Limit of the associated HECM loans; the 

total HECM UPB as a percentage of the total Max Claim

Amount of the associated HECM loans.

Payment Option Tenure The borrower Payment Option for the HECM loan associated 

with the participation is “tenure”. Statistics provided are: the 

number of participations where the payment option = “tenure”;

the total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB; the 

total participation UPB as a percentage of the total Principal

Limit of the associated HECM loans; the total participation

UPB as a percentage of the total Max Claim Amount of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Principal Limit of the associated HECM loans; the 

total HECM UPB as a percentage of the total Max Claim

Amount of the associated HECM loans.
07/01/2023 20 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Payment Option Line of Credit The borrower Payment Option for the HECM loan associated 

with the participation is “line of credit”. Statistics provided are: 

the number of participations where the payment option = “line 

of credit”; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Payment Option Modified

Tenure

The borrower Payment Option for the HECM loan associated

with the participation is “modified tenure”. Statistics provided 

are: the number of participations where the payment option = 

“modified tenure”; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total

Max Claim Amount of the associated HECM loans; the total

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.
07/01/2023 21 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Payment Option Modified Term The borrower Payment Option for the HECM loan associated 

with the participation is “modified term”. Statistics provided 

are: the number of participations where the payment option = 

“modified term”; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total

Max Claim Amount of the associated HECM loans; the total

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.

Payment Option Lump Sum The borrower Payment Option for the HECM loan associated 

with the participation is “lump sum single disbursement” (valid 

only for fixed rate loans having a Case Number issued after

September 30, 2013). Statistics provided are: the number of 

participations where the payment option = “lump sum single 

disbursement”; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 22 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Payment Option Not Available Information identifying the borrower Payment Option for the 

HECM loan associated with the participation is not available. 

Statistics provided are: the number of participations where the 

payment option is not available; the total ending UPB for all 

such participations; the total participation UPB as a percentage 

of the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total 

Max Claim Amount of the associated HECM loans; the total 

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.

Pool-Level Aggregate Breakdown of Payment Option (end)

Pool-Level Aggregate Breakdown of Property Type

Property Type Single Family The Property Type for the HECM loan associated with the 

participation is “single family”. Statistics provided are: the 

number of participations where the property type is “single 

family”; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total 

UPB; the total participation UPB as a percentage of the total 

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim 

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated 

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 23 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Property Type Condo The Property Type for the HECM loan associated with the 

participation is “condo”. Statistics provided are: the number of 

participations where the property type is “condo”; the total 

ending UPB for all such participations; the total participation

UPB as a percentage of the pool’s total UPB; the total 

participation UPB as a percentage of the total Principal Limit 

of the associated HECM loans; the total participation UPB as 

a percentage of the total Max Claim Amount of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Principal Limit of the associated HECM loans; the total

HECM UPB as a percentage of the total Max Claim Amount 

of the associated HECM loans.

Property Type Manufactured

Housing

The Property Type for the HECM loan associated with the 

participation is “manufactured housing”. Statistics provided are: 

the number of participations where the property type is

“manufactured housing”; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total

Max Claim Amount of the associated HECM loans; the total

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.
07/01/2023 24 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Property Type Planned Unit

Development

The Property Type for the HECM loan associated with the 

participation is “planned unit development”. Statistics provided 

are: the number of participations where the property type is 

“planned urban development”; the total ending UPB for all 

such participations; the total participation UPB as a percentage 

of the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total 

Max Claim Amount of the associated HECM loans; the total 

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.

Property Type Not Available The Property Type for the HECM loan associated with the 

participation is not available. Statistics provided are: the 

number of participations where the property type is not 

available; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total 

UPB; the total participation UPB as a percentage of the total 

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim 

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated 

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Pool-Level Aggregate Breakdown of Property Type (end)

Original Security Interest Rate 

(WAC)

The reported Security Interest Rate (WAC) of the pool at pool 

issuance.

Maximum WAC (Q4) The largest reported participation interest rate of all the 

Participations in the pool at pool issuance. 

Minimum WAC (Q0) The smallest reported participation interest rate of all the 

Participations in the pool at pool issuance. 
07/01/2023 25 GNMA HMBS Pool Disclosure Definitions

Pool Detail Record (Type D) Layout 

Eligible Non-borrowing Spouse There are one or more Eligible Non-borrowing Spouses 

associated with the participations in the pool. Statistics provided 

are: the number of participations with one or more Eligible Nonborrowing spouses (for the associated loan); the total ending 

UPB for all such participations; the total participation UPB as a 

percentage of the pool’s total UPB.

Remaining Property Charges 

Set Aside Amount

The remaining amount in the set aside established at closing to 

cover property charges such as taxes, insurance, ground rents, 

and homeowner’s association fees. Statistics provided are: the 

number of participations with a non-zero Remaining Property 

Charges Set Aside Amount (for the associated loan); the total 

ending UPB for all such participations; the total participation 

UPB as a percentage of the pool’s total UPB.

As of Date (CCYYMM) The Reporting Period identifies the year and month of the pool 

information.

Pool Maturity Date The maturity date of the pool is the latest maturity date for any 

of the underlying mortgage loans 

.
07/01/2023 26 GNMA HMBS Pool Disclosure Definitions

Top 10 MSAs Pool Detail Record (Type M) Layout 

Data Item Description

Issuer Issuer Number

Top 10 MSAs by Total UPB MSA refers to Metropolitan or Micropolitan Statistical Area. The

MSA is a 5-digit code identifying the geographical area where 

the loan’s collateral property is located. For each pool, the top

10 MSAs by total UPB are disclosed.

Highest MSA The 5-digit MSA code of the MSA with the greatest total UPB in 

the pool, plus that MSA’s total number of loans, total UPB, and 

UPB as a percentage of the pool’s total UPB.

2nd Highest MSA The 5-digit MSA code of the MSA with the 2nd highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

3rd Highest MSA The 5-digit MSA code of the MSA with the 3rd highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

4th Highest MSA The 5-digit MSA code of the MSA with the 4th highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

5th Highest MSA The 5-digit MSA code of the MSA with the 5th highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

6th Highest MSA The 5-digit MSA code of the MSA with the 6th highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

7th Highest MSA The 5-digit MSA code of the MSA with the 7th highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.
07/01/2023 27 GNMA HMBS Pool Disclosure Definitions

Top 10 MSAs Pool Detail Record (Type M) Layout 

8th Highest MSA The 5-digit MSA code of the MSA with the 8th highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

9th Highest MSA The 5-digit MSA code of the MSA with the 9th highest total UPB 

in the pool, plus that MSA’s total number of loans, total UPB, 

and UPB as a percentage of the pool’s total UPB.

10th Highest MSA The 5-digit MSA code of the MSA with the 10th highest total 

UPB in the pool, plus that MSA’s total number of loans, total 

UPB, and UPB as a percentage of the pool’s total UPB.

MSA Not Available For the pool’s loans where the MSA could be determined or 

assigned, the total number of such loans, total UPB, and UPB as 

a percentage of the pool’s total UPB.

As-Of Date (CCYYMM) The as-of-date identifies the year and month of the loan pool 

information.
07/01/2023 28 GNMA HMBS Pool Disclosure Definitions

State Distribution Record (Type S) Layout 

Data Item Description

State Abbreviation A one-character identifier for the record type. Value is “L”.

Current Pool UPB Balance for 

State

The sum of the Participation UPB balance for all participations 

in the pool associated with the given State. 

Pool UPB Balance for State as 

a % of total Pool UPB

The Pool UPB Balance for the State expressed as a 

percentage of the pool’s total UPB. 

Number of Participations for 

State

The number of Participations in the pool associated with the 

given State. 

Number of Participations for 

State as a % of the pool’s 

total participation count

The total number of Participations for the state expressed as a 

percentage of the pool’s total participation count.

Total Participations The pool’s total participation count.

Participation Original Principal

Balance for State

The sum of the Participation Original Principal Balance amounts 

for all Participations in the pool associated with the given State.

As of Date (CCYYMM) The Reporting Period identifies the year and month of the pool 

information.
07/01/2023 29 GNMA HMBS Pool Disclosure Definitions

Supplemental Pool Detail Record (Type U) Layout 

Data Item Description

Pool-Level Aggregate Breakdown of Loan Purpose Code

Loan Purpose is Traditional The Loan Purpose for the HECM loan associated with the 

participation is “Traditional”. Statistics provided are: the 

number of participations where the Loan Purpose is 

“traditional”; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total 

UPB.

Loan Purpose is Refinance The Loan Purpose for the HECM loan associated with the 

participation is “Refinance”. Statistics provided are: the 

number of participations where the Loan Purpose is 

“refinance”; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total 

UPB.

Loan Purpose is Purchase The Loan Purpose for the HECM loan associated with the 

participation is “Purchase”. Statistics provided are: the number 

of participations where the Loan Purpose is “purchase”; the 

total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB.

Loan Purpose is Not Available The Loan Purpose for the HECM loan associated with the 

participation is not available. Statistics provided are: the 

number of participations where the Loan Purpose is not 

available; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total 

UPB.

Pool-Level Aggregate Breakdown of Loan Purpose Code (end)

Pool-Level Aggregate Breakdown of HECM Saver Indicator
07/01/2023 30 GNMA HMBS Pool Disclosure Definitions

Supplemental Pool Detail Record (Type U) Layout

HECM Saver is Standard The HECM Saver Indicator for the HECM loan associated with 

the participation is “Standard”. Statistics provided are: the 

number of participations where the HECM Saver Indicator is 

“Standard”; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total 

UPB.

HECM Saver is Saver The HECM Saver Indicator for the HECM loan associated with 

the participation is “Saver”. Statistics provided are: the 

number of participations where the HECM Saver Indicator is 

“Saver”; the total ending UPB for all such participations; the 

total participation UPB as a percentage of the pool’s total 

UPB.

Pool-Level Aggregate Breakdown of HECM Saver (end)

Pool-Level Aggregate Breakdown of Payment Option

Payment Option Tenure The Payment Option for the HECM loan associated with the 

participation is “Tenure”. Statistics provided are: the number 

of participations where the HECM Payment Option is “Tenure”;

the total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB.

Payment Option Term The Payment Option for the HECM loan associated with the 

participation is “Term”. Statistics provided are: the number of 

participations where the HECM Payment Option is “Term”; the 

total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB.

Payment Option Line of Credit The Payment Option for the HECM loan associated with the 

participation is “Line of Credit”. Statistics provided are: the 

number of participations where the HECM Payment Option is 

“Line of Credit”; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB.
07/01/2023 31 GNMA HMBS Pool Disclosure Definitions

Supplemental Pool Detail Record (Type U) Layout 

Payment Option Modified Term The Payment Option for the HECM loan associated with the 

participation is “Modified Term”. Statistics provided are: the 

number of participations where the HECM Payment Option is 

“Modified Term”; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB.

Payment Option Modified 

Tenure

The Payment Option for the HECM loan associated with the 

participation is “Modified Tenure”. Statistics provided are: the 

number of participations where the HECM Payment Option is 

“Modified Tenure”; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB.

Payment Option Lump Sum The Payment Option for the HECM loan associated with the 

participation is “Lump Sum”. Statistics provided are: the 

number of participations where the HECM Payment Option is 

“Lump Sum”; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total 

UPB.

Payment Option Not Available The Payment Option for the HECM loan associated with the 

participation is not available. Statistics provided are: the 

number of participations where the HECM Payment Option is 

not available; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total 

UPB.

Pool-Level Aggregate Breakdown of Payment Option (end)

As of Date (CCYYMM) The Reporting Period identifies the year and month of the pool 

information.
07/01/2023 32 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Data Item Description

Number of Participations with 

Payments

Count of the Participations which had a full or partial payment 

this period.

UPB of Participations with 

Payments

The sum of the ending Participation UPB values of the 

Participations which had payments this period. 

Percent of UPB Paid Off The total Pool Payments amount divided by the total ending 

Pool UPB amount.

Ratio: Pool Outstanding 

Balance to Max Claim Amount 

of HECM Loans

The total ending Pool UPB amount divided by the sum of the 

Max Claim Amount of the HECM loans.

Maximum Participation 

UPB/HECM Max Claim Amount

(Q4)

Largest Participation UPB divided by the associated HECM 

Max Claim Amount

Minimum Participation UPB/Max 

Claim (Q0)

Smallest Participation UPB divided by the associated HECM 

Max Claim Amount

Ratio: Pool Outstanding 

Balance to Principal Limit of 

HECM loans

The total ending Pool UPB amount divided by the sum of the 

Principal Limit of the HECM loans.

Pool-Level Aggregate Breakdown of Youngest Borrower or Co-borrower Age

Note: Age is computed from birth date and is the youngest borrower or co-borrower whose age 

is at least 62 years. Where there is no data for an age range report zeroes.
07/01/2023 33 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Youngest Borrower/Co-borrower

Age 62-65

The youngest age of either the borrower or co-borrower

associated with the Participation is 62 to 65 years. Statistics 

provided are: the number of participations where the youngest 

age is 62-65; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Youngest Borrower/Co-borrower

Age 66-70

The youngest age of either the borrower or co-borrower

associated with the Participation is 66 to 70 years. Statistics 

provided are: the number of participations where the youngest 

age is 66-70; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 34 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Youngest Borrower/Co-borrower

Age 71-75

The youngest age of either the borrower or co-borrower

associated with the Participation is 71 to 75 years. Statistics 

provided are: the number of participations where the youngest 

age is 71-75; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Youngest Borrower/Co-borrower

Age 76-80

The youngest age of either the borrower or co-borrower

associated with the Participation is 76 to 80 years. Statistics 

provided are: the number of participations where the youngest 

age is 76-80; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 35 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Youngest Borrower/Co-borrower

Age 81-85

The youngest age of either the borrower or co-borrower

associated with the Participation is 81 to 85 years. Statistics 

provided are: the number of participations where the youngest 

age is 81-85; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Youngest Borrower/Co-borrower

Age 86-90

The youngest age of either the borrower or co-borrower

associated with the Participation is 86 to 90 years. Statistics 

provided are: the number of participations where the youngest 

age is 86-90; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 36 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Youngest Borrower/Co-borrower

Age 91-95

The youngest age of either the borrower or co-borrower

associated with the Participation is 91 to 95 years. Statistics 

provided are: the number of participations where the youngest 

age is 91-95; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Youngest Borrower/Co-borrower

Age 96-100

The youngest age of either the borrower or co-borrower

associated with the Participation is 96 to 100 years. Statistics 

provided are: the number of participations where the youngest 

age is 96-100; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 37 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Youngest Borrower/Co-borrower 

Age 101-up

The youngest age of either the borrower or co-borrower 

associated with the Participation is 101 years or older. 

Statistics provided are: the number of participations where the 

youngest age is 101 years or older; the total ending UPB for 

all such participations; the total participation UPB as a 

percentage of the pool’s total UPB; the total participation UPB 

as a percentage of the total Principal Limit of the associated 

HECM loans; the total participation UPB as a percentage of 

the total Max Claim Amount of the associated HECM loans; 

the total HECM UPB as a percentage of the total Principal 

Limit of the associated HECM loans; the total HECM UPB as 

a percentage of the total Max Claim Amount of the associated 

HECM loans.

Age Not Available The youngest age of either the borrower or co-borrower 

associated with the Participation is not available. Statistics 

provided are: the number of participations where the youngest 

age is not available; the total ending UPB for all such 

participations; the total participation UPB as a percentage of

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total 

Max Claim Amount of the associated HECM loans; the total 

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.

Pool-Level Aggregate Breakdown of Youngest Borrower or Co-borrower Age (end)

Pool-Level Aggregate Breakdown of Youngest Borrower or Co-borrower Gender and 

Joint/Single Loan Indicator

Note: Age is computed from birth date and is the youngest borrower or co-borrower whose age 

is at least 62 years. Obtain the Gender of the youngest borrower/co-borrower.
07/01/2023 38 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Joint Loan/Youngest

borrower/co-borrower Gender

is Female

The youngest borrower or co-borrower Gender is Female and 

the associated HECM loan is a Joint loan. Statistics provided 

are: the number of participations where the youngest 

borrower/co-borrower gender is female and the loan is a joint 

loan; the total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB; the 

total participation UPB as a percentage of the total Principal

Limit of the associated HECM loans; the total participation

UPB as a percentage of the total Max Claim Amount of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Principal Limit of the associated HECM loans; the 

total HECM UPB as a percentage of the total Max Claim

Amount of the associated HECM loans.

Joint Loan/Youngest

borrower/co-borrower Gender

is Male

The youngest borrower or co-borrower Gender is Male and the 

associated HECM loan is a Joint loan. Statistics provided are: 

the number of participations where the youngest borrower/coborrower gender is male and the loan is a joint loan; the total 

ending UPB for all such participations; the total participation

UPB as a percentage of the pool’s total UPB; the total 

participation UPB as a percentage of the total Principal Limit 

of the associated HECM loans; the total participation UPB as 

a percentage of the total Max Claim Amount of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Principal Limit of the associated HECM loans; the total

HECM UPB as a percentage of the total Max Claim Amount 

of the associated HECM loans.
07/01/2023 39 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Joint Loan either Youngest

borrower/co-borrower Gender

or Youngest Age is Not 

Available

Either the gender of the youngest borrower or co-borrower is 

not available, or the youngest age is not available, and the 

associated HECM loan is a Joint loan. Statistics provided are: 

the number of participations where the youngest borrower/coborrower gender is not available or the youngest age is not 

available and the loan is a joint loan; the total ending UPB for 

all such participations; the total participation UPB as a 

percentage of the pool’s total UPB; the total participation UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total participation UPB as a percentage of 

the total Max Claim Amount of the associated HECM loans; 

the total HECM UPB as a percentage of the total Principal

Limit of the associated HECM loans; the total HECM UPB as 

a percentage of the total Max Claim Amount of the associated

HECM loans.

Single Loan/Youngest

borrower/co-borrower Gender

is Female

The youngest borrower or co-borrower Gender is Female and 

the associated HECM loan is a Single loan. Statistics 

provided are: the number of participations where the youngest 

borrower/co-borrower gender is female and the loan is a single 

loan; the total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB; the 

total participation UPB as a percentage of the total Principal

Limit of the associated HECM loans; the total participation

UPB as a percentage of the total Max Claim Amount of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Principal Limit of the associated HECM loans; the 

total HECM UPB as a percentage of the total Max Claim

Amount of the associated HECM loans.
07/01/2023 40 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Single Loan/Youngest 

borrower/co-borrower Gender 

is Male 

The youngest borrower or co-borrower Gender is Male and the 

associated HECM loan is a Single loan. Statistics provided 

are: the number of participations where the youngest 

borrower/co-borrower gender is male and the loan is a single

loan; the total ending UPB for all such participations; the total 

participation UPB as a percentage of the pool’s total UPB; the 

total participation UPB as a percentage of the total Principal 

Limit of the associated HECM loans; the total participation 

UPB as a percentage of the total Max Claim Amount of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Principal Limit of the associated HECM loans; the 

total HECM UPB as a percentage of the total Max Claim 

Amount of the associated HECM loans.

Single Loan either Youngest 

borrower/co-borrower Gender 

or Youngest Age is Not 

Available

Either the gender of the youngest borrower or co-borrower is 

not available, or the youngest age is not available, and the 

associated HECM loan is a Single loan. Statistics provided 

are: the number of participations where either the youngest 

borrower/co-borrower gender is not available or the youngest 

age is not available and the loan is a single loan; the total 

ending UPB for all such participations; the total participation 

UPB as a percentage of the pool’s total UPB; the total 

participation UPB as a percentage of the total Principal Limit 

of the associated HECM loans; the total participation UPB as 

a percentage of the total Max Claim Amount of the associated 

HECM loans; the total HECM UPB as a percentage of the 

total Principal Limit of the associated HECM loans; the total 

HECM UPB as a percentage of the total Max Claim Amount 

of the associated HECM loans.

Pool-Level Aggregate Breakdown of Youngest Borrower or Co-borrower Gender and 

Joint/Single Loan Indicator (end)

Pool-Level Aggregate Breakdown of Participation Size

Current Period Average 

Balance

The sum of the participation UPBs divided by the number of 

participations.
07/01/2023 41 GNMA HMBS Pool Disclosure Definitions

Various Data Record (Type V) Layout

Maximum Participation UPB 

Quartile (Q4)

The largest Participation UPB for the Pool

Minimum Participation UPB 

Quartile (Q0)

The smallest Participation UPB for the Pool

Pool-Level Aggregate Breakdown of Participation Size (end)

As of Date (CCYYMM) The Reporting Period identifies the year and month of the pool 

information.
07/01/2023 42 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Data Item Description

Weighted Average of Expected 

Average Mortgage Interest Rate

Quartiles

Weighted Average of Expected Average Mortgage Interest Rate 

for each loan represented by a participation in the pool. The 

Expected Average Mortgage Interest Rate is the original 

expected average mortgage interest. It is fixed throughout the 

life of the loan and is used to determine payments to the 

borrower. In the record, the pool’s Weighted Average 

Expected Average Mortgage Interest Rate quartiles follow the 

Weighted Average of Expected Average Mortgage Interest 

Rate. 

Expected Average Mortgage 

Interest Rate Not Available

For the pool, the number of participations where the Expected 

Average Mortgage Interest Rate for the associated loan is 

unknown or otherwise not available; the total UPB for the pool 

of such participations, and that UPB expressed as a 

percentage of the pool’s total UPB.

Weighted Average of Servicing 

Fee Set Aside Amount

Quartiles

Weighted Average of Servicing Fee Set Aside Amount for 

each loan represented by a participation in the pool. The 

Servicing Fee Set Aside Amount is an amount initially set 

aside from the Principal Limit as reported by the issuer. In 

the record, the pool’s Weighted Average Servicing Fee Set 

Aside Amount quartiles follow the Weighted Average of

Servicing Fee Set Aside Amount. 

Servicing Fee Set Aside 

Amount Not Available

For the pool, the number of participations where the Servicing 

Fee Set Aside Amount for the associated loan is unknown or 

otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.
07/01/2023 43 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Weighted Average of Original 

Funding Age Quartiles

Weighted Average of Original Funding Age for each loan 

represented by a participation in the pool. The Original 

Funding Age for each loan is calculated based on the HECM 

Original Funding Date value and the Reporting Period of the 

data. The Original Funding Date is the date the loan was first 

funded. In the record, the pool’s Weighted Average of Original 

Funding Age quartiles follow the Weighted Average of Original 

Funding Age amount. 

Original Funding Age Not 

Available

For the pool, the number of participations where the Original 

Funding Age for the associated loan is unknown or otherwise 

not available; the total UPB for the pool of such participations, 

and that UPB expressed as a percentage of the pool’s total 

UPB.

Weighted Average of Property 

Valuation Amount Quartiles

Weighted Average of Property Valuation Amount for each loan 

represented by a participation in the pool. The Property 

Valuation Amount is as reported by the issuer at pool 

issuance. In the record, the pool’s Weighted Average Property 

Valuation Amount quartiles follow the Weighted Average of

Property Valuation Amount. 

Property Valuation Amount Not 

Available

For the pool, the number of participations where the Property 

Valuation Amount for the associated loan is unknown or 

otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of Original 

Term of Payments Quartiles

Weighted Average of Original Term of Payments for each loan 

represented by a participation in the pool. The Original Term 

of Payments is the original number of monthly payments on a 

term or modified term loan, as of the Origination Date. In the 

record, the pool’s Original Term of Payments quartiles follow 

the Weighted Average of Original Term of Payments. 
07/01/2023 44 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Original Term of Payments Not 

Available

For the pool, the number of participations where the Original 

Term of Payments for the associated loan is unknown or 

otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of Property 

Charges Set Aside Amount

Quartiles

Weighted Average of Property Charges Set Aside Amount for 

each loan represented by a participation in the pool. The 

Property Charges Set Aside Amount is an amount that a 

borrower sets aside at closing to cover property charges such 

as taxes, insurance, ground rents, homeowner’s association 

fees, as reported by the issuer. In the record, the pool’s 

Weighted Average Property Charges Set Aside Amount

quartiles follow the Weighted Average of Property Charges Set 

Aside Amount. 

Property Charges Set Aside 

Amount Not Available

For the pool, the number of participations where the Property 

Charges Set Aside Amount for the associated loan is unknown 

or otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of Property 

Repair Set Aside Amount

Quartiles

Weighted Average of Property Repair Set Aside Amount for 

each loan represented by a participation in the pool. The 

Property Repair Set Aside Amount is an amount that a 

borrower sets aside at closing to cover property repairs, as 

reported by the issuer. In the record, the pool’s Weighted 

Average Property Repair Set Aside Amount quartiles follow the 

Weighted Average of Property Repair Set Aside Amount. 

Property Repair Set Aside 

Amount Not Available

For the pool, the number of participations where the Property 

Repair Set Aside Amount for the associated loan is unknown 

or otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.
07/01/2023 45 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Weighted Average of Original 

Line of Credit Amount Quartiles

Weighted Average of Original Line of Credit Amount for each 

loan represented by a participation in the pool. In the record, 

the pool’s Weighted Average Original Line of Credit Amount

quartiles follow the Weighted Average of Original Line of 

Credit Amount. 

Original Line of Credit Amount

Not Available

For the pool, the number of participations where the Original 

Line of Credit Amount for the associated loan is unknown or 

otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of Original 

Draw Amount Quartiles

Weighted Average of Original Draw Amount for each loan 

represented by a participation in the pool. The Original Draw 

Amount is the original amount drawn on a line of credit loan.

In the record, the pool’s Weighted Average Original Draw 

Amount quartiles follow the Weighted Average of Original Draw 

Amount. 

Original Draw Amount Not 

Available

For the pool, the number of participations where the Original 

Draw Amount for the associated loan is unknown or otherwise 

not available; the total UPB for the pool of such participations, 

and that UPB expressed as a percentage of the pool’s total 

UPB.

Weighted Average of Mortgage 

Margin Quartiles

Weighted Average of Mortgage Margin for each loan 

represented by a participation in the pool. The Mortgage 

Margin is the percentage points added to the index rate to 

determine an ARM's interest rate. The margin is reported by 

the issuer at pool issuance. In the record, the pool’s Weighted 

Average Mortgage Margin quartiles follow the Weighted 

Average of Mortgage Margin. 

Mortgage Margin Not Available For the pool, the number of participations where the Mortgage 

Margin for the associated loan is unknown or otherwise not 

available; the total UPB for the pool of such participations, and 

that UPB expressed as a percentage of the pool’s total UPB.
07/01/2023 46 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Weighted Average of Lifetime 

Floor Rate Quartiles

Weighted Average of Lifetime Floor Rate for each loan 

represented by a participation in the pool. The Lifetime Floor 

Rate is the minimum interest rate that can be applied during 

the loan term. In the record, the pool’s Weighted Average 

Lifetime Floor Rate quartiles follow the Weighted Average of

Lifetime Floor Rate. 

Lifetime Floor Rate Not 

Available

For the pool, the number of participations where the Lifetime 

Floor Rate for the associated loan is unknown or otherwise 

not available; the total UPB for the pool of such participations, 

and that UPB expressed as a percentage of the pool’s total 

UPB.

Weighted Average of 

Remaining Line of Credit 

Amount Quartiles

Weighted Average of Remaining Line of Credit Amount for 

each loan represented by a participation in the pool. The 

Remaining Line of Credit reflects the remaining cash available 

to the borrower (net of any tenure or term set asides as well 

as any tax, maintenance, insurance or servicing set asides In 

the record, the pool’s Weighted Average Remaining Line of 

Credit Amount quartiles follow the Weighted Average of

Remaining Line of Credit Amount. 

Remaining Line of Credit 

Amount Not Available

For the pool, the number of participations where the 

Remaining Line of Credit Amount for the associated loan is 

unknown or otherwise not available; the total UPB for the pool 

of such participations, and that UPB expressed as a 

percentage of the pool’s total UPB.

Weighted Average of Monthly 

Scheduled Payment Quartiles

Weighted Average of Monthly Scheduled Payment for each 

loan represented by a participation in the pool. The Monthly 

Scheduled Payment is the scheduled amount that is payable 

to the borrower on a monthly basis. In the record, the pool’s 

Weighted Average Monthly Scheduled Payment quartiles follow 

the Weighted Average of Monthly Scheduled Payment. 
07/01/2023 47 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Monthly Scheduled Payment

Not Available

For the pool, the number of participations where the Monthly 

Scheduled Payment for the associated loan is unknown or 

otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of 

Remaining Term of Payments 

Quartiles

Weighted Average of Remaining Term of Payments for each 

loan represented by a participation in the pool. The 

Remaining Term of Payments is the remaining number of 

monthly payments on a term or modified term loan. In the 

record, the pool’s Remaining Term of Payments quartiles 

follow the Weighted Average of Remaining Term of Payments. 

Remaining Term of Payments

Not Available

For the pool, the number of participations where the 

Remaining Term of Payments for the associated loan is 

unknown or otherwise not available; the total UPB for the pool 

of such participations, and that UPB expressed as a 

percentage of the pool’s total UPB.

Weighted Average of Credit 

Line Set Aside Amount

Quartiles

Weighted Average of Credit Line Set Aside Amount for each 

loan represented by a participation in the pool. The Credit 

Line Set Aside Amount is the specified amount set aside at

Pool Issue Date for a line of credit.. In the record, the pool’s 

Weighted Average Credit Line Set Aside Amount quartiles 

follow the Weighted Average Credit Line Set Aside Amount. 

Credit Line Set Aside Amount

Not Available

For the pool, the number of participations where the Credit 

Line Set Aside Amount for the associated loan is unknown or 

otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.
07/01/2023 48 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Weighted Average of Lifetime 

Interest Rate Change Cap 

Quartiles

Weighted Average of Lifetime Interest Rate Change Cap for 

each loan represented by a participation in the pool. The 

Lifetime Interest Rate Change Cap limits the interest rate 

increase over the life of the loan. The value is “5” for 1-Year 

adjusting loans; this field is required only for annual adjusting 

loans. In the record, the pool’s Weighted Average Lifetime 

Interest Rate Change Cap quartiles follow the Weighted 

Average of Lifetime Interest Rate Change Cap. 

Lifetime Interest Rate Change 

Cap Not Available

For the pool, the number of participations where the Lifetime 

Interest Rate Change Cap for the associated loan is unknown 

or otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of Annual 

Interest Rate Change Cap 

Quartiles

Weighted Average of Annual Interest Rate Change Cap for 

each loan represented by a participation in the pool. The 

Annual Interest Rate Change Cap limits the interest rate 

increase over the life of the loan. The value is “2” for 1-Year 

adjusting loans; this field is required only for annual adjusting 

loans. In the record, the pool’s Weighted Average Annual

Interest Rate Change Cap quartiles follow the Weighted 

Average of Annual Interest Rate Change Cap. 

Annual Interest Rate Change 

Cap Not Available

For the pool, the number of participations where the Annual

Interest Rate Change Cap for the associated loan is unknown 

or otherwise not available; the total UPB for the pool of such 

participations, and that UPB expressed as a percentage of the 

pool’s total UPB.

Weighted Average of Maximum 

Interest Rate Quartiles

Weighted Average of Maximum Interest Rate for each loan 

represented by a participation in the pool. The Maximum

Interest Rate is the maximum interest rate on the note. This 

field is required only for monthly adjusting loans. In the record, 

the pool’s Weighted Average Maximum Interest Rate quartiles 

follow the Weighted Average of Maximum Interest Rate. 
07/01/2023 49 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Maximum Interest Rate Not 

Available

For the pool, the number of participations where the Maximum 

Interest Rate for the associated loan is unknown or otherwise 

not available; the total UPB for the pool of such participations, 

and that UPB expressed as a percentage of the pool’s total 

UPB.

Eligible Non-borrowing Spouse 

Age Quartiles

Weighted Average of the Eligible Non-borrowing Spouse Age(s)

for each loan represented by a participation in the pool. 

There are up to 3 eligible non-borrowing spouses that can be 

associated with each loan. In the record, the pool’s Weighted 

Average Eligible Non-borrowing Spouse Age quartiles follow 

the Weighted Average of Eligible Non-borrowing Spouse Age. 

Eligible Non-borrowing Spouse 

Age Not Available

For the pool, the number of participations where the Eligible 

Non-borrowing Spouse Age(s) for the associated loan is 

unknown or otherwise not available; the total UPB for the pool 

of such participations, and that UPB expressed as a 

percentage of the pool’s total UPB.

As of Date (CCYYMM) The Reporting Period identifies the year and month of the pool 

information.

Weighted Average Initial 

Remaining Available Line of 

Credit Quartiles

Weighted Average of Initial Remaining Available Line of Credit 

for each loan represented by a participation in the pool. The 

Initial Remaining Available Line of Credit is the aggregate line of 

credit available during the first twelve-month disbursement period 

to borrowers under certain payment plans. The Initial Remaining 

Available Line of Credit Amount does not include set asides for 

the Monthly Servicing Fee, if any, property charges (such as 

taxes, hazard insurance, ground rents or assessments) or 

repairs, if any. In the record, the pool’s Initial Remaining 

Available Line of Credit quartiles follow the Weighted Average of 

Initial Remaining Available Line of Credit.
07/01/2023 50 GNMA HMBS Pool Disclosure Definitions

Weighted Averages and Quartiles Pool Detail Record (Type W) Layout 

Initial Remaining Available Line 

of Credit Not Available

For the pool, the number of participations where the Initial 

Remaining Available Line of Credit for the associated loan is 

unknown or otherwise not available; the total UPB for the pool 

of such participations, and that UPB expressed as a percentage 

of the pool’s total UPB.

Weighted Average Initial 

Monthly Scheduled Payment 

Amount Quartiles

Weighted Average of Initial Monthly Scheduled Payment Amount 

for each loan represented by a participation in the pool. The 

Initial Monthly Scheduled Payment Amount is the aggregate 

monthly amount that is payable to HECM borrowers in a given 

month under certain types of payment plans during the first 

twelve-month disbursement period. In the record, the pool’s 

Initial Monthly Scheduled Payment Amount quartiles follow the 

Weighted Average of Initial Monthly Scheduled Payment Amount.

Initial Monthly Scheduled 

Payment Amount Not Available

For the pool, the number of participations where the Initial 

Monthly Scheduled Payment Amount for the associated loan is 

unknown or otherwise not available; the total UPB for the pool 

of such participations, and that UPB expressed as a percentage 

of the pool’s total UPB.
07/01/2023 51 GNMA HMBS Pool Disclosure Definitions

Eligible Non-borrowing Spouse Record (Type X) Layout 

Data Item Description

Pool-Level Aggregate Breakdown of Youngest Eligible Non-Borrowing Spouse Age

Note: Age is computed from birth date and is the youngest eligible non-borrowing spouse (if 

any). Where there is no data for an age range, or if no eligible non-borrowing spouses, report 

zeroes.

Youngest Eligible NonBorrowing Spouse Age under

40

The age of the youngest eligible non-borrowing spouse

associated with the Participation is under 40 years. Statistics 

provided are: the number of participations where the youngest 

age is under 40; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total

Max Claim Amount of the associated HECM loans; the total

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.

Youngest Eligible NonBorrowing Spouse Age 40-49The age of the youngest eligible non-borrowing spouse

associated with the Participation is 40 to 49 years. Statistics 

provided are: the number of participations where the youngest 

age is 40-49; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 52 GNMA HMBS Pool Disclosure Definitions

Eligible Non-borrowing Spouse Record (Type X) Layout

Youngest Eligible NonBorrowing Spouse Age 50-59The age of the youngest eligible non-borrowing spouse

associated with the Participation is 50 to 59 years. Statistics 

provided are: the number of participations where the youngest 

age is 50-59; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Youngest Eligible NonBorrowing Spouse Age 60-69The age of the youngest eligible non-borrowing spouse

associated with the Participation is 60 to 69 years. Statistics 

provided are: the number of participations where the youngest 

age is 60-69; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.
07/01/2023 53 GNMA HMBS Pool Disclosure Definitions

Eligible Non-borrowing Spouse Record (Type X) Layout

Youngest Eligible NonBorrowing Spouse Age 70-79The age of the youngest eligible non-borrowing spouse

associated with the Participation is 70 to 79 years. Statistics 

provided are: the number of participations where the youngest 

age is 70-79; the total ending UPB for all such participations; 

the total participation UPB as a percentage of the pool’s total

UPB; the total participation UPB as a percentage of the total

Principal Limit of the associated HECM loans; the total 

participation UPB as a percentage of the total Max Claim

Amount of the associated HECM loans; the total HECM UPB 

as a percentage of the total Principal Limit of the associated

HECM loans; the total HECM UPB as a percentage of the 

total Max Claim Amount of the associated HECM loans.

Youngest Eligible NonBorrowing Spouse Age over 80The age of the youngest eligible non-borrowing spouse

associated with the Participation is over 80 years. Statistics 

provided are: the number of participations where the youngest 

age is over 80; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total

Max Claim Amount of the associated HECM loans; the total

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.
07/01/2023 54 GNMA HMBS Pool Disclosure Definitions

Eligible Non-borrowing Spouse Record (Type X) Layout 

Age Not Available The age of the youngest eligible non-borrowing spouse

associated with the Participation is not available. Statistics 

provided are: the number of participations where the youngest 

age is not available; the total ending UPB for all such 

participations; the total participation UPB as a percentage of 

the pool’s total UPB; the total participation UPB as a 

percentage of the total Principal Limit of the associated HECM 

loans; the total participation UPB as a percentage of the total 

Max Claim Amount of the associated HECM loans; the total 

HECM UPB as a percentage of the total Principal Limit of the 

associated HECM loans; the total HECM UPB as a percentage 

of the total Max Claim Amount of the associated HECM loans.

Pool-Level Aggregate Breakdown of Youngest Eligible Non-Borrowing Spouse Age (end)

As of Date (CCYYMM) The Reporting Period identifies the year and month of the pool 

information.

Section 5 – Disclosure Change History

Change # First Month Disclosed Description

1.0 Initial Version.

2.0 Initial Version plus this revision: revised text to indicate 

that this same format is used for Pool/New Issuance 

Daily and Weekly disclosure, and Monthly Pool disclosure

3.0 Version 2.0 plus this revision: renamed the field 

“Beginning Security Interest Rate” to “Current Security 

Interest Rate”

3.1 October 2014, for 

September 2014 period 

data

Version 3.0 plus these revisions:

(1) Corrected the definitions for the WAC of the 

Participations, Maximum WAC (Q4), and Minimum
07/01/2023 55 GNMA HMBS Pool Disclosure Definitions

WAC (Q0) fields, found in the Pool Detail (“D”) 

record.

4.0 April 2015, for March 

2015 period data

Version 3.1 plus these revisions:

(1) Added definitions for the new Type “X” Nonborrowing Spouse record fields

(2) Added definitions for the fields related to the new 

Annual Interest Rate Change Cap, Maximum 

Interest Rate and Non-borrowing spouse fields

(3) Added a definition for the Lump Sum Payment 

Option

4.1 April 2015, for March 

2015 period data

Version 4.0 plus these revisions:

(1) Renamed the “Periodic Interest Rate Change Cap” 

field to “Annual Interest Rate Change Cap”

4.2 May 2015, for April 2015 

period data

Version 4.1 plus these revisions:

(1) Renamed all occurrences of “Non-borrowing 

Spouse” to “Eligible Non-borrowing Spouse” 

(2) Revised the effective date from 03/01/2015 to 

04/01/2015

4.3 December 2017, for 

November 2017 period 

data

Version 4.2 plus these revisions: 

(1) Added definitions for the new Type “W” fields related 

to the Initial Monthly Scheduled Payment Amount and 

Initial Remaining Available Line of Credit

4.4 April 2020, for March 

2020 period data

Version 4.3 plus this revision:

(1) Added Pool Maturity Date to the Pool Details 

Record (Type “D”) fields

4.5 July 2023, for July 2023 

period data

Version 4.4 plus these revisions:

(1) Added “SA” Pool Type value; One Year 

Adjustable Rate, SOFR

(2) Added “SOFR” Index Type value; Secured 

Overnight Financing Rate

(3) Revised Appendix A to indicate current 

Production HMBS disclosure products
07/01/2023 56 GNMA HMBS Pool Disclosure Definitions

Appendix A – HMBS Disclosure Files Summary

GINNIE MAE DISCLOSURE FILES

“DAILY / MONTHLY” New Issuance FILES

File Product ID Current Status Target Date

1 HMBS 

Pool/New 

Issuance Daily

Produced Daily, when 

there are new issuances

In Production

2 HMBS 

Pool/New 

Issuance 

Monthly

Produced Monthly, for the 

month’s new issuances

In Production

3 HMBS 

Loan/New 

Issuance Daily

Produced Daily, when 

there are new issuances

In Production

4 HMBS 

Loan/New 

Issuance 

Monthly

Produced Monthly, for the 

month’s new issuances

In Production

GINNIE MAE DISCLOSURE FILES

“MONTHLY” FILES

File Product 

ID

Current Status Target Date

1 HMBS Monthly

Pool 

Disclosure File

13320216 Produced Monthly, on 6

th

BD day

In Production
07/01/2023 57 GNMA HMBS Pool Disclosure Definitions

2 HMBS Monthly 

Loan Level 

Disclosure File

Produced Monthly, on 6

th

BD day

In Production