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Multiclass Fees Schedule

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 ‭(Hidden)‬ REMIC and HECM REMIC Fees

Total REMIC or HECM REMIC Fee = Ginnie Mae Guarantee Fee + Negotiated Fees
Transaction Size​​ Fee
First $100 Million 7.5 basis points
Additional Amounts​ 2.5 basis points
Additional Multifamily Fee $10,000

The minimum Ginnie Mae Guarantee Fee is $75,000 for single-family transactions and $85,000 for multifamily transactions.

Example Fee Calculation for a $400M Single-Family Transaction:

$100,000,000 x 0.00075 =     $75,000
$300,000,000 x 0.00025 =     $75,000   
     
Total Guarantee Fee = $150,000

The Total Guarantee Fee for a $400M Multifamily Transaction is $160,000.

Fees Negotiated by the Sponsor Include:  Trustee, Trust Counsel, Accounting and Printing Fees

No Financial Advisor Fee ​

 ‭(Hidden)‬ Callable Trust and Other Associated Fees

Total Callable Trust Fee = Ginnie Mae Guarantee Fee + Negotiated Fees

Ginnie Mae Guarantee Fee
Transaction Size Fee
First $200 Million $40,000
Additional Amounts 1 basis point

The minimum Ginnie Mae Guarantee Fee is $40,000 for Callable Trusts.


Other Fees
Other Fee Fee
Financial Advisor Fee None
​Trustee, Trust Counsel, Accounting and Printing Fees Negotiated by Dealer
Ginnie Mae Platinum and REMIC Fees Associated with a Callable Trust Regular Ginnie Mae REMIC and Ginnie Mae Platinum Fee Schedule
Ginnie Mae Call Redemption Fee 1/32 of 1% of Outstanding Principal Balance with a Cap of $15,000 and a Floor of $5,000
MX Combination Fee $3,000 per MX combination​


​​

 ‭(Hidden)‬ Modifiable and Exchangeable (MX) REMIC Certificate Fees

Exchange Fee:  1/32 of 1% of Outstanding Principal Balance of the Securities Submitted with a Cap of $25,000 and a Floor of $2,000.

Note: Ginnie Mae reserves the right to change its fees at its own discretion. Please call Ginnie Mae's Office of Capital Markets at (202) 401-8970 with any questions.​​

 ‭(Hidden)‬ Platinum Certificate Fees

For each issuance of Fixed Ginnie Mae Platinum Certificates, the Depositor must pay to Ginnie Mae its Ginnie Mae Platinum Guaranty Fee, a portion of which will be payable in cash and the remaining portion of which will be payable through the Depositor’s overcollateralization of such Ginnie Mae Platinum Series by depositing into the Ginnie Mae Platinum Trust MBS Assets with a remaining principal balance $1,000 greater than the original principal balance of the proposed Ginnie Mae Platinum Certificate. The Cash Fee, which is payable by the Depositor to Ginnie Mae (through the Administrator) by the Business Day prior to the issuance of the related Ginnie Mae Platinum Certificate, is calculated as follows:

 

Face Amount Fee (in Tics)*

$5,001,000 to $24,999,999........................... 2.5
$25,000,000 to $49,999,999 ........................ 1.5
$50,000,000 to $499,999,999 ...................... 0.75
$500,000,000 or more ................................. 0.25
*1 Tic = 1/32 of 1%.

 

The minimum Fee will be $5,000, and the maximum Fee will be $156,250. In addition to the Cash Fee, the Depositor is responsible for the Non-Cash Fee, which is payable by the allocation of a $1,000 portion of the underlying MBS Assets to the creation of the Ginnie Mae Platinum PO Bond. The Ginnie Mae Platinum PO Bond will be delivered to the Administrator who will be entitled to distributions on such security as compensation for its services. Interest distributions attributable to the additional $1,000 undivided interest in the related Series (made possible by the deposit into the Trust of the Non-Cash Fee) will be payable to the Trustee as compensation for its services.

 

The Ginnie Mae Platinum Guaranty Fee may be changed from time to time at Ginnie Mae’s discretion.


Ginnie Mae Weighted Average Coupon Adjustable Rate Mortage Security (WAC ARM) Platinum Guaranty Fees


The fee structure for WAC ARM Platinum Pool Types differs from other Ginnie Mae Platinum pools, as provided previously in MPM 15-01. The tier fee structure for creating any of the 14 new WAC ARM Platinum Pool Types is illustrated in the table below:

 

 

​Face Amount

​WAC ARM Platinum Pool Fee in Tics*

​$1,000,000 to $9,999,999 ​4 tics
​$10,000,000 to $24,999,999 ​3 tics
​$25,000,000 and up ​2 tics
 *1 Tic = 1/32 of 1%. There is no minimum fee, however the pool must have a minimum unpaid principal balance (UPB) of $1,000,000.

 

Non-Cash Fee

The Non-Cash Fee (i.e. the non-cash portion of the fee), payable by the allocation of a portion of the underlying Ginnie Mae MBS Certificates to the creation of the Ginnie Mae Platinum Principal Only (PO) Bond, will remain at $1000.

These changes to the Platinum pooling process were made in response to stakeholders’ requests and are intended to encourage increased utilization of the Platinum Securities program.

For additional information on Ginnie Mae’s Platinum Securitization program, please contact Richard Perrelli, Product Manager Multiclass Securities, Office of Capital Markets at (202) 475-7992 with any questions or comments regarding this announcement.

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Last Modified: 5/7/2021 4:46 PM