Prospectus - GNMA II MBS (Single-Family Mortgages)

• Legal Form Number: HUD-11717-II
• Issuer: Ginnie Mae
• Section: Ginnie Mae

APPENDIX IV-20

FORM HUD 11717-II – PROSPECTUS

GINNIE MAE II MORTGAGE-BACKED SECURITIES

(SINGLE-FAMILY MORTGAGES)

Applicability: Ginnie Mae II MBS Program only.

Purpose: To provide a standard form of prospectus for securities backed by SF, FS,

JM, RG, ET or BD pools.

Prepared by: Issuer, when the pool is submitted via Ginnie Mae’s electronic pooling

application, or is a multiple issuer pool. When the pool is submitted

electronically, or is a multiple issuer pool, then the CPTA prepares the

prospectus.

Prepared in: Number of copies needed for distribution below. The Issuer or the CPTA,

as appropriate, should reproduce this form HUD 11717-II as needed.

Distribution: Each primary purchaser of securities from the Issuer

Completion

Instructions: The circled numbers on the attached form correspond to the numbers listed

below.

1.Aggregate original principal amount of proposed issue.

2.Interest rate, per annum, stated on the securities.

3.Full legal name of Issuer, in the case of a custom pool, or “Multiple Issuer,” in the

case of a multiple issuer pool.

4.Commitment number previously assigned by Ginnie Mae, followed by the suffix

“C” or “M” and by the program suffix “SF,” “FS,” “JM,”, “RG,” “ET” or “BD”.

Previous editions are obsolete

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5.The first day of the month of issue.

6.The 20th day of the month following the month of issue.

7.The 20th day of the month in which the latest maturity of a mortgage listed on the

Schedule of Pooled Mortgages, form HUD 11706, occurs.

8.Full legal name of Central Paying and Transfer Agent.

9.If one or more loans are buydowns, type the following statement on the “Annex—

Special Disclosure,” which is attached to the prospectus.

“Some or all of the pooled mortgages are level payment mortgages for

which funds have been provided to reduce the borrowers’ monthly

payments during the early years of the loans.”

Appendix IV

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ref. Ginnie Mae Handbook 5500.3, Rev. 1

10.If more than 10 percent of the pooled mortgages have maturities shorter than 20

years (see Section 24-2(B)(3)(c) of the Guide), type the following statement on the

“Annex — Special Disclosure,” which is attached to the prospectus.

Previous editions are obsolete

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“This pool contains mortgages with maturities that differ from those

required under Ginnie Mae’s standard program requirements.”

11.If the pool is a multiple issuer pool, the CPTA will type the following table and

the required information on the “Annex—Special Disclosure”:

Multiple Issuer Pool

Name of

Aggregate Original Principal

Issuer

Amount Contributed

12.If the pool is a custom ET pool type (C ET), the CPTA will type the following

information in the “Annex-- Special Disclosure:”

“At the time of pooling, the Issuer will have provided the following attestation: With

respect to each Mortgage in an ET Pool, all modifications of the Mortgage after the

origination of such Mortgage were occasioned by default or reasonably foreseeable

default on such Mortgage within the meaning of section 1.860G-2(b)(3)(i) of the

United States Treasury Regulations

ET Pools may contain loans which may respond differently to prepayment factors

than other mortgages that generally back Ginnie Mae II MBS securities. There are

no historical performance data regarding prepayment rates for extended term

mortgage loans that were previously modified pursuant to applicable agency

guidance to allow distressed borrowers to lower their monthly payments through an

extended repayment schedule.

ET Pools may consist of a minimum of 1 (one) mortgage loan and a minimum pool

balance of at least $25,000.

ET Pools may only contain modified loans as defined in the MBS Guide, so long as

such loans are modified as permitted by the insuring and guaranteeing agency and

meet the IRS requirements for inclusion in Ginnie Mae's securities.”

13.If the pool is a custom RG pool type (C RG), the CPTA will type the following in

the “Annex—Special Disclosure:”

“RG pools may only contain loans that have been previously bought out and

held in current loan status for at least 120 days prior to re-pooling. RG

collateral may only contain loans identified by the Loan Purpose Code "5:"

Forbearance: COVID 19.

Appendix IV

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20

ref. Ginnie Mae Handbook 5500.3, Rev. 1