Commitment to Guarantee Mortgage-Backed Securities

• Legal Form Number: HUD-11704
• Issuer: Ginnie Mae
• Section: Ginnie Mae

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U.S. Department of Housing

and Urban Development

Government National Mortgage Association

OMB Approval No. 2503-0033 (Exp. 04/30/2026)

Commitment to Guarantee Mortgage-Backed Securities

Public reporting burden for this collection of information is estimated to average 2 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. This agency 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, and is collected to assist Ginnie Mae

in the determination of an appropriate commitment amount. The information collected will not be disclosed outside the Department except as required

by law.

Issuer ID Number

Issuer’s Name and Address, including Zip Code

fold line

The Government National Mortgage

Association (Ginnie Mae) has considered your application and approves guaranty commitment authority to your account in the total amount

designated below, pursuant to the provisions of Section 306(g) of the National Housing Act and Ginnie Mae's regulations. Ginnie Mae will endorse,

as guaranteed, securities whi ch are backed by Ginnie Mae mortgage pools created subject to the fol lowing conditions:

1. The securities to be issued shall be modified pass-through securities. The monthly scheduled installments of principal and interest shall be

paid to holders whether or not the issuer collects funds under the pooled mortgages equal to the scheduled installments.

$

2. The total amount of commitment authority approved is Any request for additional commitment authority will

be approved subject to Ginnie Mae' s budget authority approved by Congress for the current fiscal yea r.

3. The guaranty fee rate for the issue of securities shall be the rate in effect at the date of issuance of the securities.

4. This commitment authority is requested for the following types of Ginnie Mae pools:

(Check One Only)

Single-Line (SF, FS, BD, AR, AQ, AT, AF, AS, AX, GP, GT, GA, GD, SN, MH, RA, RM, AL, ML, RF)

Multi-Line (PN, PL, LM, RX, LS, CL, CS)

5. This commitment authority shall expire one year from the date of Ginnie Mae approval (2 years for project loan and construction loan pools).

6. The mortgages pooled under this and all other commitment authority shall meet all of the eligibility requirements set forth in the applicable

Mortgage-Backed Securities Guide.

7. The issuer shall submit to Ginnie Mae the do cuments required by, and prepared and delivered in accordance with, the prov isions of the Ginnie

Mae Mortgage-Backed Securities Guide.

8. The formation of a Ginnie Mae mortgage pool or loan package, the issuance of mortgage-backed securities , and the administration of a Ginnie

Mae mortgage pool or loan package until the last outstanding mort gage in the pool or loan package is repa id or otherwise liquidated and

securities are cancelled , shall be performed by the issuer in compliance with the provisions of Section 306( g) of the National Housing Act,

applicable regulations, the Ginnie Mae Mortgage-Backed Securities Guide, and all applicable forms and agreements.

9. The issuer must meet all of Ginnie Mae's eligibility requirements, including net worth requirements, in effect at the time Ginnie Mae or its agent

makes the securities ready for de livery.

10. The following additiona l conditions:

Authorized Ginnie Mae Signat ure Date

form HUD-11704 (12/2013)

Submit a soft copy. Previous editions are obsolete. ref. Ginnie Mae Handbook 5500.3, Rev.1