Hud-11708 Instructions For Request Of Release Of Documents

GINNIE MAE 5500.3, REV. 1

APPENDIX V-5

Public reporting burden for this information collection is estimated to average 3 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Ginnie Mae may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. The information is required by Sec. 306(g) of the National Housing Act or by Ginnie Mae Handbook 5500.3, Rev. 1. The purpose of this document is to provide issuers the opportunity to request the release of mortgage documents held by the document custodian. The information collected will not be disclosed outside the Department without consent, except as required by law.

FORM HUD 11708 - REQUEST FOR RELEASE OF DOCUMENTS

Applicability: Ginnie Mae I MBS Program and Ginnie Mae II MBS Program.

Purpose: For issuers who do not file Requests for Release of Document electronically using GinnieNET, to be used to request release of mortgage documents held by the document custodian. Issuers using GinnieNET to submit requests for document releases must follow the instructions set forth in the GinnieNET Issuer Guide. If issuers submit release requests using GinnieNET, document custodians must follow the instructions set forth in the GinnieNET Custodian Guide.

Prepared by: Issuer initially. The document custodian must fill in some of the blanks.

Prepared in: Original. (Document custodian will provide the issuer with one signed and dated copy.)

Distribution: The original is delivered to the document custodian. The document custodian will date and retain the original form and provide one copy, after acknowledgment, to the issuer. If the documents are requested for any reason other than to remove a loan from a pool or loan package, on the return of the documents, the document custodian must sign the bottom of the form used to request document release. The document custodian must give the issuer one copy of the signed and dated form and retain the original for its files.

Completion
Instructions:

1. Enter the name of the document custodian.

2. Enter the date the issuer prepares the form HUD 11708.

3. Enter the mortgagor’s name and full address, including zip code.

4. Enter the appropriate pool number.

5. Enter the number assigned to the affected loan by the insuring or guaranteeing agency.

Date: 4/30/2023 1 Appendix V-5

GINNIE MAE 5500.3, REV. 1

6. Enter the number assigned to the loan by the issuer.

7. Indicate the reason for requesting the release, using the appropriate number from the list of reasons set forth below this blank.

8. Enter in the blank to the right of the appropriate reason for the request the date the issuer expects to return the released documents to the document custodian.

9. Signature of authorized officer of the issuer whose name appears on Resolution of Board of Directors and Certificate of Authorized Signatures, form HUD 11702.

10. Enter full name of issuer.

11. Enter the issuer ID number assigned by Ginnie Mae.

12. Signature of authorized officer of document custodian.

13. Enter the issuer’s document custodian ID number assigned by Ginnie Mae.

14. Enter the date the requested document is released to the issuer.

15. Signature of authorized officer of document custodian, indicating return of released document.

16. Enter date issuer returns released document.

Date: 4/30/2023 2 Appendix V-5