Form Hud 1724 - Prospectus Ginnie Mae I
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7OMB Approval No. 2503-0018
Prospectus
U.S. Department of Housing
(Exp. 10/31/99)
and Urban Development
Ginnie Mae I
Government National Mortgage
Association
Project Loan Securities
Public reporting burden for this collection of information is estimated to average 15 minutes per response, including the time for
reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the
collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays
a currently valid OMB control number.
The information is required by Sec. 306(g) of the National Housing Act or by Ginnie Mae Handbook 5500.3.
$ __________
0.00%
____% Ginnie Mae I Mortgage-Backed Securities
(Project Loan Securities)
Guaranteed as to the Timely Payment of Principal and Interest
by the Government National Mortgage Association
(Backed by the Full Faith and Credit of the United States)
Issued by:
Ginnie Mae Pool No.:
Issue Date:
First Interest Payment Due:
First Principal Payment Date:
Maturity Date:
Insured Under FHA Section:
Depository:
Transfer Agent:
The Mortgage-Backed Securities
Division of The Depository Trust
Company
Information concerning the payment terms (including prepayment penalties, if any) of the Mortgage
or Mortgages on which the Securities are based is set forth in “Annex – Special Disclosure.”
The securities offered hereby (the “Securities”) provide for timely payment of interest at the
specified rate and scheduled installments of principal. The issuer is obligated to commence
payments of interest and any scheduled installments of principal by the fifteenth calendar day of
the month following the month of issue, except as stated below, and to continue such payments
every month thereafter over the life of the mortgage, whether or not such principal and interest
are collected by the Issuer. See “Maturity, Prepayment, and Yield” herein for a discussion of
certain significant factors that should be considered by prospective investors in the Securities
offered hereby.
The Government National Mortgage Association (“Ginnie Mae”) guarantees the timely payment
of principal and interest on the Securities. The Ginnie Mae guaranty is backed by the full faith
and credit of the United States of America.
The Securities are exempt from the registration requirements of the Securities Act of 1933, as
amended, and are “exempted securities” within the meaning of the Securities Exchange Act of
Previous editions are obsolete.
Page 1 of 7
form HUD 1724 (10/2000)
Appendix IV-9
ref. Ginnie Mae Handbook 5500.3
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