bannerimage
Disclosure
 
Search
Share To Twitter Share To LinkedIn Share To Twitter Share
* To
* From
Message
URL
https://www.ginniemae.gov/investors/disclosures_and_reports/Pages/BulletinsDispPage.aspx?ParamID=579&Ident=2022-027
Print Friendly

​​​​

 ‭(Hidden)‬ Ginnie Mae Breadcrumb

Bulletins

2022-027: Callable Transactions Updates
Published Date: 5/12/2022 4:30 PM

Multiclass Securities Guide Update – Callable Securities 

Effective May 1, 2022, Part V: Ginnie Mae Multiclass Securities Transactions: Callable Securities of the Ginnie Mae Multiclass Securities Guide (the “Callable Documents”), has been updated to conform the following program documents with program enhancements implemented since March 1, 2020:

  • ​The Callable Securities Offering Circular (V-2 )* 
  • Standard Trust Provisions for Callable Trusts (V-4) 
  • Standard Sponsor Agreement for Callable Trusts (V-5) 
  • Standard Sponsor Provisions for Callable Trusts (V-6) 
  • Accountant’s Agreed-Upon Procedures Report Concerning the Offering Circular for Callable Securities (V-9) 
  • Trustee’s Receipt and Safekeeping Agreement for Callable Securities (V-10) • Issuance Statement for Callable Securities (V-11) 
  • Transaction Opinion of Trust Counsel for Callable Securities (V-12) 
  • Tax Opinion of Trust Counsel for Callable Securities (V-13) 
  • Opinion of Sponsor for Callable Securities (V-14) 
  • Opinion of Trustee’s Counsel for Callable Securities (V-15) 
  • Accountant’s Agreed-Upon Procedures Report as of the Closing Date for Callable Securities (V-16) 
  • Closing Flow of Funds Instruction Letter for Callable Securities (V-17)

* An update was made to the redemption mechanism of Callable Securities where the Sponsor can elect not to pay interest accrued during the month of the redemption (prior to the Redemption Date) to the holders of Callable Securities.

The updated Callable Documents were published and can be found on the Ginnie Mae website, under Investors/Multiclass Resources, https://www.ginniemae.gov/investors/multiclass_resources/Pages/multiclass-securities-guide.aspx​

Please call Shalei Choi in Ginnie Mae’s Office of Capital Markets at (202) 475-7820 with any questions or comments regarding this announcement.