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Ginnie Mae Data Security Disclosure Requirements

Orrick, Herrington & Sutcliffe LLP

Ginnie Mae now requires issuers to disclose cybersecurity incidents within 48 hours

On March 4, the President of Ginnie Mae released All Participants Memorandum (APM) 24-02, which set forth a new requirement applicable to all issuers, including issuers that subservice loans for others. The memo mandated that...more

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