Loans > Loan Screens > Investor Reporting Screen Group > Investor Group Screen > Group Information tab

Use the GNMA Reporting Code field to indicate the reporting code needed for the GNMA Investor Report (and GNMA tape) for the investor group being created/edited.

This code can be entered either separated with commas (example: cd,sf,x) or with no spacing (example: cdsfx). If the code is entered with spaces between characters, the system will read the spaces as part of the code.

The layout and meaning of this code is explained below. Enter a code in this field as follows:

First 2 Characters

Method of Pooling

IR	The remittance is for the prior month. Therefore, the report for the current month will show the cutoff date of the next month.

CD	The remittance is for the current month.

Next 2 Characters

Program Type

BD	Buy down mortgage

CL	Project under construction

DN	Project loan - unlevel payments

GA	GEM - 4% Payment increase over life of loans

GP	Graduated payment mortgage

GT	GPM - Payment increase for more than 10 years

MH	Manufactured homes

PL	Project loans - level payments

SF	Single family

Last character

Type of Issue

FNMA - if this code is entered, the Security Interest will be calculated as follows: Normalized balance of each loan in the pool X The weighted Guaranteed Rate of each loan in the pool divided by 12. (Calculation of normalized balance is current loan balance - prepaid payments + delinquent payments + normalized balance of loans paid off during cutoff period.)

X*	GNMA I - If nothing is entered for the last character, this will be the default.

C*	GNMA II Custom Pool

M*	GNMA II Multiple Issuer Pool

*If one of these three codes are used, the Security Interest will be calculated as follows: Security Balance X weighted Guaranteed Rate divided by 12)