What are the requirements for selling mortgages to Ginnie Mae?

To sell mortgages to Ginnie Mae, certain requirements must be met. Firstly, the loans must be insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Rural Housing Service (RHS), or other authorized federal agencies. Additionally, the loans should conform to underwriting standards established by these agencies. Lenders must be approved by Ginnie Mae and meet specific financial, operational, and quality control criteria. They must have a minimum net worth, maintain proper licensing and status, and possess a satisfactory track record. Regular reporting and financial obligations must be fulfilled as well. Furthermore, loans must be properly executed and meet applicable laws and regulations. By adhering to these requirements, lenders can sell their eligible mortgages to Ginnie Mae, which provides liquidity and stability to the housing market.