Offering Circular Supplement
(To Base Offering Circular dated October 1, 2004)
$1,296,580,000
Government National Mortgage Association
GINNIE MAE®
Guaranteed REMIC Pass-Through Securities
and MX Securities
Ginnie Mae REMIC Trust 2007-035
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 suit-
able investments for you. You
should consider carefully the
risks of investing in them.
See "Risk Factors" beginning
on page S-11 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 June 28, 2007.
You should read the Base Offering
Circular as well as this Supplement.
The securities are exempt from re-
gistration under the Securities Act
of 1933 and are "exempted securi-
ties" under the Securities Ex-
change 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)
Security Group 1
PF(1) ...................... $127,290,857
(5)
PAC
FLT
38375KPD8
June 2037
PO(1) ......................
21,215,143
0.0%
PAC
PO
38375KPE6
June 2037
PY(1) ......................
127,290,857
(5)
NTL (PAC)
INV/IO
38375KPF3
June 2037
UA(1) ......................
8,000,000
6.0
SUP/AD
FIX
38375KPG1
January 2037
UB(1) ......................
7,659,667
6.0
SUP/AD
FIX
38375KPH9
June 2037
UI(1) ......................
10,833,333
(5)
NTL (SCH/AD)
FLT/IO/DLY 38375KPJ5
June 2037
UO(1) ......................
10,833,333
0.0
SCH/AD
PO
38375KPK2
June 2037
US ............................
50,000,000
(5)
SCH/AD
INV/DLY
38375KPL0
June 2037
UZ(1) ......................
1,000
6.0
SUP
FIX/Z
38375KPM8
June 2037
Security Group 2
LO(1) ......................
10,200,000
0.0
PAC
PO
38375KPN6
June 2037
ND ............................
11,749,000
6.0
PAC
FIX
38375KPP1
September 2036
NF(1) ......................
81,116,571
(5)
PAC
FLT
38375KPQ9
October 2035
NI(1) ......................
10,200,000
(5)
NTL (PAC)
FLT/IO/DLY 38375KPR7
June 2037
NJ(1) ......................
10,200,000
(5)
NTL (PAC)
INV/IO/DLY 38375KPS5
June 2037
NO(1) ......................
13,519,429
0.0
PAC
PO
38375KPT3
October 2035
NY(1) ......................
81,116,571
(5)
NTL (PAC)
INV/IO
38375KPU0
October 2035
VA ............................
6,875,667
6.0
SUP/AD
FIX
38375KPV8
June 2037
VI(1) ......................
10,638,333
(5)
NTL (SCH/AD)
FLT/IO/DLY 38375KPW6
June 2037
VO(1) ......................
10,638,333
0.0
SCH/AD
PO
38375KPX4
June 2037
VS ............................
49,100,000
(5)
SCH/AD
INV/DLY
38375KPY2
June 2037
VZ(1) ......................
1,000
6.0
SUP
FIX/Z
38375KPZ9
June 2037
Security Group 3
KA ............................
7,056,000
6.0
SUP/AD
FIX
38375KQA3
April 2037
KB ............................
3,528,000
6.0
SUP/AD
FIX
38375KQB1
June 2037
KC ............................
706,440
6.0
SUP/AD
FIX
38375KQC9
June 2037
QA ............................
5,441,940
6.0
PAC II
FIX
38375KQD7
August 2036
QB ............................
1,961,820
6.0
PAC II
FIX
38375KQE5 September 2036
QC ............................
1,321,740
6.0
PAC II
FIX
38375KQF2
October 2036
QD ............................
6,317,640
6.0
PAC II
FIX
38375KQG0
January 2037
QE ............................
5,500,000
6.0
PAC II
FIX
38375KQH8
June 2037
QG ............................
1,310,581
6.0
PAC II
FIX
38375KQJ4
February 2037
QH ............................
1,327,073
6.0
PAC II
FIX
38375KQK1
March 2037
QK ............................
3,211,166
6.0
PAC II
FIX
38375KQL9
June 2037
TD ............................
30,022,020
6.0
PAC I
FIX
38375KQM7
August 2036
TF ............................
112,227,120
(5)
PAC I
FLT
38375KQN5
April 2035
TG(1) ......................
20,618,640
0.0
PAC I
PO
38375KQP0
June 2037
TH(1) ......................
20,618,640
(5)
NTL (PAC I)
INV/IO/DLY 38375KQQ8
June 2037
TI(1) ......................
20,618,640
(5)
NTL (PAC I)
FLT/IO/DLY 38375KQR6
June 2037
TO(1) ......................
18,704,520
0.0
PAC I
PO
38375KQS4
April 2035
TY(1) ......................
112,227,120
(5)
NTL (PAC I)
INV/IO
38375KQT2
April 2035
WI(1) ......................
13,650,000
(5)
NTL (TAC/AD)
FLT/IO/DLY 38375KQU9
June 2037
WO(1) ......................
13,650,000
0.0
TAC/AD
PO
38375KQV7
June 2037
WS ............................
63,000,000
(5)
TAC/AD
INV/DLY
38375KQW5
June 2037
WZ ............................
6,300
6.0
SUP
FIX/Z
38375KQX3
June 2037
Security Group 4
BC(1) ......................
48,723,000
6.0
PAC II/AD
FIX
38375KQY1
June 2037
BD(1) ......................
59,896,405
6.0
SCH/AD
FIX
38375KQZ8
June 2037
GZ(1) ......................
1,695
6.0
SUP
FIX/Z
38375KRA2
June 2037
KF ............................
250,463,742
(5)
PAC I
FLT
38375KRB0
June 2037
KO(1) ......................
31,307,968
0.0
PAC I
PO
38375KRC8
June 2037
KY(1) ......................
250,463,742
(5)
NTL (PAC I)
INV/IO
38375KRD6
June 2037
QI(1) ......................
7,583,333
(5)
NTL (SCH/AD)
FLT/IO/DLY 38375KRE4
June 2037
QO(1) ......................
7,583,333
0.0
SCH/AD
PO
38375KRF1
June 2037
QS ............................
35,000,000
(5)
SCH/AD
INV/DLY
38375KRG9
June 2037
QZ(1) ......................
1,000
6.0
SUP
FIX/Z
38375KRH7
June 2037
UD ............................
5,935,667
6.0
SUP/AD
FIX
38375KRJ3
June 2037
UH(1) ......................
11,860,788
6.0
SUP
FIX
38375KRK0
January 2037
UK(1) ......................
12,126,402
6.0
SUP
FIX
38375KRL8
June 2037
Security Group 5
CO(1) ......................
18,509,857
0.0
PT
PO
38375KRM6
June 2037
CY(1) ......................
111,059,143
(5)
NTL (PT)
INV/IO
38375KRN4
June 2037
FC ............................
111,059,143
(5)
PT
FLT
38375KRP9
June 2037
Residual
RR ............................
0
0
NPR
NPR
38375KRQ7
June 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. The amount shown for the each
Notional Class (indicated by "NTL" under Principal Type) is its original Class Notional Balance and does not
represent principal that will be paid.
(3) As defined under "Class Types" in Appendix I to the Base Offering Circular. The type of Class with which the Class
Notional Balance of each Notional Class will be reduced is indicated in parentheses.
(4) See "Yield, Maturity and Prepayment Considerations – Final Distribution Date" in this Supplement.
(5) See "Terms Sheet – Interest Rates" in this Supplement.
Citi
Utendahl Capital Partners, L.P.
The date of this Offering Circular Supplement is June 22, 2007.
B-2
