2015 Form 1099-B instructions A guide to reporting investment capital gains and losses from your 1099-B on your tax return (IRS Form 1040 or 1040A) Vanguard mutual fund and brokerage investors. When you'll receive your Forms 1099-B The Government National Mortgage Association. statement of the Ginnie Mae issuer, are included with the parent's audit. custodians are also depicted in chapter 2 of the Document Custody Manual, hereinafter referred to as Document Custody Manual MBS Guide, appendix V-1.*. OIG Criticizes Ginnie Mae Oversight of Nonbanks. and reporting activities for the mortgages in every pool. If the borrower fails to make a timely payment on its mortgage, the issuer must use HMBS securities guaranteed by Ginnie Mae that are collateralized by these pools. The issuer is responsible for making all advances to borrowers under the related HECM loan agreements and for servicing the pools, ensuring all payments are made to security holders and reporting to Ginnie Mae. The issuer is obligated to cover from obtained from Ginnie Mae at (202) 401-8794. Current guides are also available on the Internet at www.ginniemae.gov. 6-4 Reporting Requirements. Ginnie Mae issuers of MBS, including those Ginnie Mae-approved issuers who are inactive, are required to submit the following financial statements, reports and supplemental information on an annual basis: Here's an example of how the tax accounting works for GNMA's: On 1/1/2007, you bought $50,000 of a GNMA 7.00% pool due 12/31/2027 at a price of $108 per $100 of par value. Your total purchase cost was $54,000.00 During tax year 2007, you collected $1,000.00 of principal and $3,500 of interest The VA Loan and Guaranty Overview In this Chapter This chapter contains the following topics. Topic Topic Name See Page 1 Basic Elements of a VA-Guaranteed Loan 3-2 2 Eligible Loan Purposes 3-5 Mortgage Association (GNMA) or whatever conduit they use to sell the loans. Inv. Reporting Manual Chapter 1- Section VII 4