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Page 68 of 83

67 67 67 INVESTMENT GOVERNMENT PROPERTY PRESERVATION Journal Follow Us At: @DSNewsDaily GINNIE MAE EXTENDS COVID RELIEF POLICIES Ginnie Mae has announced the extension of two COVID-19-related policies, extending certain delinquency reporting exemptions for is- suers and permitting the use of alternative audit procedures. Details regarding the extension of these temporary measures related to delinquency thresholds and audit policy can be found in Gin- nie Mae's All Participants Memoranda (APM) 23-01 and APM 23-02 respectively. "Ginnie Mae is continuously engaged with Issuers to ensure that our policies support opera- tional efficiency and promote working effectively with borrowers on loss mitigation efforts," Ginnie Mae Principal EVP Sam Valverde said. "ese extended flexibilities are an appropriate response to the lingering effects of the pandemic on Issuer operations." APM 23-01 recognizes COVID-19 con- tinues to impact Issuers' independent auditors' ability to perform certain on-site document custodian review audit activities, requiring phys- ical inspection and observation. e temporary flexibilities extended in APM 23-01 allow alter- native audit procedures for Issuers with a fiscal year ending on or before June 30, 2023. APM 23-02 outlines the delinquency re- porting exemptions for six months which is the timeframe provided in previous APMs. Wheth- er additional extensions of the exemptions are warranted will be considered and announced later this year. e Biden administration previously released its National COVID-19 Prepared- ness Plan, a set of rules to enable America to move forward safely, sustaining and building on the progress made over the past 13 months. is plan lays out the roadmap to help fight COVID-19 in the future as the nation begins to return to more normal routines, with a focus on four key goals: • Protect Against and Treat COVID-19 • Prepare for New Variants • Prevent Economic and Educational Shutdowns • Continue to Vaccinate the World e Biden administration recently notified Congress that it plans to let the emergency declarations related to the COVID-19 pandemic expire on May 11.

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