Offering Circular Supplement
(To Base Offering Circular dated October 1, 2004)
$189,633,668
Government National Mortgage Association
GINNIE MAE®
Guaranteed REMIC Pass-Through Securities
and MX Securities
Ginnie Mae REMIC Trust 2007-044
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
interest on the securities. The Gin-
nie Mae Guaranty is backed by the
full faith and credit of the United
States of America.
The Trust and its Assets
The Trust will own Ginnie Mae
Certificates.
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-5 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 July 30, 2007.
You should read the Base Offering Circular as well as 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(2)
Interest
Rate
Principal
Type(3)
Interest
Type(3)
CUSIP
Number
Final
Distribution
Date(4)
CD(1) ............................. $
7,250,000
6.0%
SUP
FIX
38375KC75
March 2037
CE(1) .............................
5,301,809
6.0
SUP
FIX
38375KC83
July 2037
FP ................................
100,000,000
(5)
PAC
FLT
38375KC91
March 2036
PH .................................
20,415,192
6.0
PAC
FIX
38375KD25
July 2037
SP ................................
19,166,667
(5)
PAC
INV
38375KD33
March 2036
TA(1) .............................
7,500,000
(5)
SUP
FLT/DLY 38375KD41 October 2036
TB(1) ............................
30,000,000
(5)
SUP
INV/DLY 38375KD58 October 2036
R ..................................
0
0.0
NPR
NPR
38375KW73
July 2037
(1) These Securities may be exchanged for MX Securities described in Schedule I.
(2) Subject to increase as described under "Increase in Size" in this Supplement.
(3) As defined under "Class Types" in Appendix I to the Base Offering Circular.
(4) See "Yield, Maturity and Prepayment Considerations – Final Distribution Date" in this Supplement.
(5) See "Terms Sheet – Interest Rates" in this Supplement.
Deutsche Bank Securities
Loop Capital Markets, LLC
The date of this Offering Circular Supplement is July 23, 2007.
B-2
