Prospectus - GNMA I MBS (Manufactured Home Loans)

• Legal Form Number: HUD-11728
• Issuer: Ginnie Mae
• Section: Ginnie Mae

Prospectus

Ginnie Mae I

Manufactured Home Loans

U.S. Department of Housing

and Urban Development

Government National Mortgage Association

Previous editions are obsolete. Page 1 of 8 form HUD 11728 (01/2006)

Appendix IV-8 ref. Ginnie Mae Handbook 5500.3, Rev. 1

$

___ % Ginnie Mae I Mortgage-Backed Securities

(Manufactured Home Loans, including

Combination Loans on Manufactured Homes and Lots)

Guaranteed as to the Timely Payment of Principal and Interest

by the Government National Mortgage Association

(Backed by the Full Faith and Credit of the United States)

Issued by:

Ginnie Mae Pool No:

First Payment Due:

Issue Date:

Maturity Date:

Depository: The Federal Reserve Bank of New York

Transfer Agent

The securities offered hereby (the “Securities”) provide for the timely payment of principal and

interest on the fifteenth day of each month, except as stated below, commencing in the month

following the month of issuance. Interest will accrue on the Securities at the per annum rate

specified above; installments of principal will be payable in relation to payments of principal on

the underlying pool of loans described herein. The maturity date for the Securities is based on

the loan with the latest maturity. See “Maturity, Prepayment, and Yield” herein for a discussion

of certain significant factors that should be considered by prospective investors in the Securities

offered hereby.

The Government National Mortgage Association (“Ginnie Mae”) guarantees the timely payment

of principal and interest on the Securities. The Ginnie Mae guaranty is backed by the full faith

and credit of the United States of America.

The Securities are exempt from the registration requirements of the Securities Act of 1933, as

amended, and are “exempted securities” within the meaning of the Securities Exchange Act of

1934, as amended.

Ginnie Mae Guaranty

Ginnie Mae is a wholly-owned corporate instrumentality of the United States of America within

the Department of Housing and Urban Development with its principal office at 451 Seventh

Street, S.W., Washington, D.C. 20410. Timely payment of principal of and interest on the

Securities is guaranteed by Ginnie Mae pursuant to Section 306(g) of the National Housing Act

of 1934, as amended (the “National Housing Act”). Section 306(g) provides that “[t]he full faith

and credit of the United States is pledged to the payment of all amounts which may be required