Ginnie Mae Excludes Trial Payment Plans From Delinquency Ratios Ginnie Mae announced on Friday, April 24, 2026, that it will temporarily exclude loans in Federal Housing Administration (FHA) Trial Payment Plans (TPPs) from issuer delinquency calculations to address reporting anomalies caused by recent policy changes. The decision follows a sharp rise in reported FHA delinquency rates, which surged from 3.57% in September 2025 to 5.23% by January 2026, according to a report by the Center for Responsible Lending. This spike was attributed to an October 2025 FHA policy requiring borrowers to complete a TPP before receiving final loss mitigation solutions. Intercontinental Exchange (ICE) data from April 2026 revealed the national delinquency rate reached 3.72% in February, with FHA mortgages accounting for over 80% of the recent increase. Ginnie Mae’s March report indicated FHA delinquencies averaged 9.2% between October 2025 and February 2026. The corporation’s Global Market Analysis report clarified that the surge does not reflect a decline in borrower credit performance, as 30 and 60-day arrears remained stable. Instead, the report linked the rise to the extended resolution timelines required by the TPP process, which delays borrowers from transitioning to 90-day delinquency categories. Ginnie Mae President Joseph Gormley emphasized the temporary nature of the reporting adjustment in a memorandum issued on April 24. He stated, “As the new loss mitigation policy matures, the volume of TPPs is expected to normalize.” The exclusion of TPP loans from delinquency ratios will remain in place until trial plan volumes return to expected levels, ensuring issuers are not unfairly penalized for procedural shifts.#intercontinental_exchange #ginnie_mae #center_for_responsible_lending #joseph_gormley #fha
