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Bulletins

2021-065: Update Regarding Inclusion of HECM MBS REMIC Pass-Through Securities ("HREMICs") as Trust Assets in the Ginnie Mae Multiclass Securities Program
Published Date: 11/3/2021 11:30 AM

Reference is hereby made to Bulletins 2017-020​, 2019-039 and 2021-050 (the "Prior Bulletins"), 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, Ginnie Mae no longer requires that the floating rate Re-HREMIC Securities issued in the new HREMIC Series adjust with the same index as the related underlying previously issued HREMIC Securities. All other restrictions reflected in the Prior Bulletins remain the same.

A Sponsor interested in developing a structure with characteristics other than those reflected in this Bulletin and the Prior Bulletins 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 Multiclass Participants Memoranda and Bulletins.

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