🏠HUD Updates on Ginnie Mae Master Subservicer System
Privacy Act of 1974; System of Records
Summary
Pursuant to the provisions of the Privacy Act of 1974, as amended, the Department of the Housing and Urban Development (HUD), Government National Mortgage Association (GNMA) is modifying a system of records, "Ginnie Mae Master Subservicer System" (MSS). This system of records is being revised to make clarifying changes and general updates to the remaining sections to accurately reflect management of the system of records in accordance with the Office of Management and Budget (OMB) Circular A108, Federal Agency Responsibilities for Review, Reporting, and Publication under the Privacy Act.
Agencies
- Housing and Urban Development Department
Business Impact
$$ - Med
The notice modifies the Ginnie Mae Master Subservicer System, affecting data management for loans serviced under HUD guidelines, which may have compliance implications for business owners engaged in lending or housing sectors. The changes in data handling may impact operational policies and customer interactions.