Ginnie Mae issued All Participant Memorandum APM 18-04 (APM), announcing revised seasoning requirements for VA refinance loans. Per the APM, the note date of a VA refinance loan must be at least 210 days after the first payment due date of the initial loan, or the date on which 6 full monthly payments have been made on the initial loan, whichever is later. VA refinance loans that do not meet this requirement may not be pooled into Ginnie Mae I Single Issuer Pools or Ginnie Mae II Multiple Issuer Pools. The revised seasoning requirements are effective with pool issuances on or after June 1, 2018.
Click Here to View the Ginnie Mae All Participant Memorandum 18-04
