Base Offering Circular Multifamily
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Financial Advisor...................... The entity, chosen by Ginnie Mae, that serves as financial
advisor to Ginnie Mae in connection with the Ginnie Mae
Multiclass Securities Program. The name and address of the
current Financial Advisor is contained in the Ginnie Mae
REMIC Guide in the document entitled Ginnie Mae REMIC
Transaction Participants.
Fixed Rate Class........................ A Class with an Interest Rate that is fixed throughout the life of
the Class.
Floating Rate Adjustment
Date ...........................................
With respect to REMIC Securities or MX Securities, if any, that
evidence beneficial ownership interest in Trust MBS, unless
otherwise provided in the related Trust Agreement, as to any
Accrual Period (after the initial Accrual Period), the second
business day before that Accrual Period begins, or, in the case of
a COFI Class that is also a Delay Class, the second business day
of that Accrual Period. With respect to one or more Securities
that evidence a beneficial ownership interest in an Underlying
Certificate, unless otherwise provided in the related Trust
Agreement, as to any Accrual Period (after the initial Accrual
Period), the business day on which the Certificate Rate for such
Underlying Certificate is determined. For this purpose,
business day means a day on which banks are open for dealing
in foreign currency and exchange in New York City or London.
Floating Rate Class ................... A Class with an Interest Rate that is reset periodically based on
an index and that varies directly with changes in that index.
Freddie Mac .............................. The Federal Home Loan Mortgage Corporation.
Freddie Mac Securities.............. Any securities previously issued and guaranteed by Freddie Mac
that evidence beneficial ownership interests in Ginnie Mae
Certificates.
Ginnie Mae................................ The Government National Mortgage Association.
Ginnie Mae Certificate
Payment Date ............................
For any Trust MBS, the day of each month on which payment is
required to be made to the holder of that Trust MBS.
Ginnie Mae Construction
Loan Certificate.........................
A certificate directly backed by a pool of one multifamily
Mortgage Loan during the construction phase of a multifamily
project, guaranteed by Ginnie Mae pursuant to a Certificate
Guaranty and issued pursuant to the Ginnie Mae I Program that
is redeemable upon conversion for a pro rata share of a Ginnie
Mae Project Loan Certificate.