Offering Circular Supplement
(To Base Offering Circular dated October 1, 2004)
$531,726,525
Government National Mortgage Association
GINNIE MAE®
Guaranteed Multifamily REMIC Pass-Through Securities
Ginnie Mae REMIC Trust 2007-012
The Securities
The Trust will issue the Classes of
Securities listed on the front cover
of this offering circular
supplement.
The Ginnie Mae Guaranty
Ginnie Mae will guarantee the
timely payment of principal and in-
terest on the securities. The Gin-
nie Mae Guaranty is backed by the
full faith and credit of the United
States of America. Ginnie Mae does
not guarantee the payment of any
prepayment penalties.
The Trust and its Assets
The Trust will own (1) the Ginnie
Mae Multifamily Certificates de-
scribed on Exhibit A and (2) cer-
tain previously issued multifamily
certificates described in Exhibits B,
C and D.
The securities may not be suitable investments for you. You should consider carefully the risks
of investing in them.
See "Risk Factors" beginning on page S-7 which highlights some of these risks.
The Sponsor and the Co-Sponsor will offer the securities from time to time in negotiated transactions at
varying prices. We expect the closing date to be March 30, 2007.
You should read the Base Offering Circular for Guaranteed Multifamily REMIC Pass-Through Securities
and this Supplement.
The securities are exempt from registration under the Securities Act of 1933 and are "exempted
securities" under the Securities Exchange Act of 1934.
Class of
REMIC Securities
Original
Principal
Balance(1)
Interest
Rate
Principal
Type(2)
Interest
Type(2)
CUSIP
Number
Final
Distribution
Date(3)
Security Group 1
A .............................. $176,375,000
3.957%
SEQ
FIX
38373MYF1
June 2031
B................................
68,631,700
(4)
SEQ
WAC/DLY
38373MYG9 December 2036
C ..............................
58,337,285
(4)
SEQ
WAC/DLY
38373MYH7
April 2041
Z ..............................
5,000,000
(4)
SEQ
WAC/Z/DLY
38373MYJ3
February 2047
IO ............................
308,343,985
(4)
NTL (PT) WAC/IO/DLY 38373MYK0
February 2047
Security Group 2
KA ............................
163,100,000
(4)
SC/SEQ
WAC/DLY
38373MYL8
July 2040
KB ............................
36,000,000
(4)
SC/SEQ
WAC/DLY
38373MYM6
July 2040
KC ............................
24,282,540
(4)
SC/SEQ
WAC/DLY
38373MYN4
July 2040
Residual
RR ............................
0
0.0
NPR
NPR
38373MYP9
February 2047
(1) Subject to increase as described under "Increase in Size" in this Supplement. The amount
shown for the Notional Class (indicated by "NTL" under Principal Type) is its original Class
Notional Balance and does not represent principal that will be paid.
(2) As defined under "Class Types" in Appendix I to the Base Offering Circular. The type of Class
with which the Class Notional Balance of the Notional Class will be reduced is indicated in
parentheses.
(3) See "Yield, Maturity and Prepayment Considerations – Final Distribution Date" in this
Supplement.
(4) See "Terms Sheet – Interest Rates" in this Supplement.
Banc of America Securities LLC
Myerberg and Company L.P.
The date of this Offering Circular Supplement is March 26, 2007.
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