Base Offering Circular Multifamily
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Inverse Floating Rate Class....... A Class with an Interest Rate that is reset periodically based on
an index and that varies inversely with changes in that index.
Issue Date.................................. The date of issuance of a Trust MBS or an Underlying
Certificate.
Issuing REMIC ......................... With respect to a Trust Agreement that provides for the issuance
of a Double REMIC Series, the Trust REMIC that holds the
Pooling REMIC Regular Interests issued by one or more Pooling
REMICs.
Legal Advisor............................ With respect to each Series, a law firm designated by Ginnie
Mae to act as legal advisor to Ginnie Mae. The names and
addresses of the current Legal Advisors are contained in the
Ginnie Mae REMIC Guide in the document entitled Ginnie
Mae REMIC Transaction Participants.
LIBOR....................................... The arithmetic mean of the London interbank offered quotations
for Eurodollar deposits with a maturity of one month, or, if so
specified in the related Trust Agreement or MX Trust
Agreement, as the case may be, and the Offering Circular
Supplement, a maturity of three months, one year or some other
specified duration.
LIBOR Class ............................. A Class bearing interest at a rate determined by reference to the
applicable LIBOR.
Lockout End Date ..................... With respect to any Mortgage Loan, the date as of which any
such Mortgage Loan would no longer be subject to any lockout
for voluntary prepayments of principal.
Maturity Date ............................ With respect to a Ginnie Mae Project Loan Certificate, the final
Ginnie Mae Certificate Payment Date for such Ginnie Mae
Project Loan Certificate. With respect to a Ginnie Mae
Construction Loan Certificate, the final Ginnie Mae Certificate
Payment Date, as adjusted for any extensions made thereto as a
result of one or more extension requests submitted by the related
Ginnie Mae Issuer and approved by Ginnie Mae. With respect
to an Underlying Certificate, the final Underlying Certificate
Payment Date for such Underlying Certificate. With respect to
an Underlying Callable Security, the Final Underlying Callable
Security Payment Date for such Underlying Callable Security.
MBS Guide ............................... Ginnie Mae Mortgage-Backed Securities Guide 5500.3, as
amended.