Base Offering Circular - Multifamily
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high Interest Rate.
Interest Only Security.................
A Security of an Interest Only Class.
Interest Rate................................
As of any date of determination, with respect to each Class,
Modifiable Class or MX Class or Pooling REMIC Interest,
the annual interest rate on that Class, Modifiable Class, MX
Class or Pooling REMIC Interest, as set forth in, or
determined in accordance with, the related Trust
Agreement.
Interest Type...............................
With respect to a Security, the category of its interest
payment allocation, as identified in Appendix I of the
Multifamily Base Offering Circular.
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 Asset.
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 and
the Offering Circular Supplement, a maturity of three
months, one year or some other specified duration.
LIBOR Class ..............................
A REMIC 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.