Base Offering Circular - Multifamily
482090
68
Final Schedule............................
With respect to any PAC, Scheduled or TAC Class or
Component, a final schedule of Scheduled Principal
Balances, which schedule will be attached to the related
Trust Agreement.
Final Structure Date ...................
The date by which the Sponsor must submit a final
Securities Structure to Ginnie Mae.
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 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 securities that evidence
beneficial ownership interest in Underlying Certificates,
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.
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; and to each Callable Class Security, the day of each
month on which payment is required to be made to the
holder of that Callable Class Security.