Reference is hereby made to Bulletins 2017-020 and 2019-039, which remain in effect and address certain restrictions on the inclusion of previously issued HREMIC Securities in new HREMIC transactions. To all participants in the Ginnie Mae Multiclass Securities program, effective for transactions settling on or after September 30, 2021, in addition to the permitted HREMIC Securities listed in Bulletin 2017-020, Ginnie Mae will also permit as Trust Assets those HREMIC Securities that are:
Ginnie Mae reserves the right to disapprove a proposed transaction in its sole and absolute discretion. A Sponsor interested in developing a structure with characteristics other than those noted above or in Bulletin 2017-020 should contact Ginnie Mae prior to the Transaction Initiation Date to determine whether any restrictions have been removed.
Capitalized terms used but not defined herein have the meanings in the Ginnie Mae Multiclass Securities Guide currently in effect, as amended by previous Multiclass Participants Memoranda.
Please call Ginnie Mae's Office of Capital Markets at (202) 475-7820 with any comments or questions regarding this announcement.