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FORM HUD 11705 - SCHEDULE OF SUBSCRIBERS AND: (Government National Mortgage Association)

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GINNIE MAE 5500.3, REV. 1
Date: 12/01/07 1 Appendix III-6
APPENDIX III-6
FORM HUD 11705 - SCHEDULE OF SUBSCRIBERS AND
GINNIE MAE GUARANTY AGREEMENT
Applicability: Ginnie Mae I MBS Program and Ginnie Mae II MBS Program. This form and
these instructions should be used only by Issuers submitting pools in paper
submission format. Issuers using GinnieNET to submit pools and loan packages
must follow the instructions set forth on GinnieNET . HMBS pools may only be
transmitted electronically through GinnieNET, using the file format described in
Appendix III-28 for form HUD 11705H, Schedule of Subscribers and Ginnie
Mae Guaranty Agreement.
Purpose: To establish the contract between the Issuer and Ginnie Mae and provide a listing
of subscribers and other information needed to prepare MBS.
Prepared by: Issuer.
Prepared in: Quadruplicate. Three copies must be executed with original signatures.
Distribution: The Issuer must execute and provide to the PPA three copies for each pool. The
Issuer must retain the fourth copy. Upon execution by the PPA on behalf of
Ginnie Mae, the PPA will return one of the executed copies to the Issuer.
Completion
Instructions: The circled numbers on the illustrated form correspond with the numbers listed
below. If more than one page is required to list the subscribers to a pool, all pages
must be completed with all the required information listed below.
1. Enter the total number of pages required for listing all subscribers.
2. Enter the full legal name of the Issuer.
3. Enter the complete mailing address of the Issuer, including zip code.
4. Enter the pool employer identification number. See Section 10-9 of the Ginnie Mae MBS Guide.
5. Enter the Issuer ID number assigned by Ginnie Mae.
6. Enter the first day of the month of issue. Fill all otherwise unused spaces with 0’s, using the
following format where, for example, the issue date is March 1, 2002: |0 |3| 0| 1| 0| 2|.
7. Enter the security index: “CMT” for the Constant Maturity Treasury Index or “LIB” for the
London Interbank Offered Rate.
8. Enter the interest rate of the security carried out to three decimal places. Fill all otherwise unused
spaces with 0’s, using the following format where, for example, the security rate is 9.5 percent:
|0|9|5|0|0|.
GINNIE MAE 5500.3, REV. 1
Date: 12/01/07 2 Appendix III-6
8a. For AR, AQ, AT, AF, AS, AX, RL, QL, TL, FL, FB, SL or XL loan packages or pools, enter the
security margin carried out to three decimal places. Fill all otherwise unused spaces with 0’s,
using the following format where, for example, the security margin is 1.5 percent : |0|1|5|0|0|.
9. For Ginnie Mae I pools, enter the 15th day of the month following the month of issue. For Ginnie
Mae II pools, enter the 20th day of the month following the month of issue. Follow the format
specified in instruction 6 above for entering the date.
10. Enter .06 percent, i.e.: |0|0|0|6 for AR, AQ, AT, AF, AS, AX, RL, QL, TL, FL, FB, SL or XL,
GP/GT, GA/GD, and SN pools, unless a lower fee is appropriate (see Section 6-2(C) of the
Ginnie Mae MBS Guide); .30 percent, i.e.: |0|0|3|0 for MH pools; and .13 percent, i.e.: |0|0|1|3
for PL, PN, LM, LS, RX, CL, and CS pools.
11. DO NOT MAKE ANY ENTRY IN THIS SPACE. The PPA will complete this entry with the 4
digit multiple Issuer pool number once the pool is formed.
12. Enter the total unpaid balance of the mortgages included in the pool or loan package, without
cents. For example, show $l,234,567.89 as $l,234,568.00.
13. Enter the final maturity date of securities. The date will depend upon the method used in
establishing the pool, as follows:
(a) Under the concurrent dates method (CD) of pooling, the final maturity date of the
securities is 15 days (under Ginnie Mae I) or 20 days (under Ginnie Mae II) after the due
date of the last maturing pooled mortgage. Issuers must use this method for all Ginnie
Mae II pools or loan packages except for manufactured home loan pools or loan packages
(except in the case of conversions of Ginnie Mae I internal reserve pools to the Ginnie
Mae II program.)
(b) Under the internal reserve method (IR) of pooling, the final maturity date of the securities
is 45 days (under Ginnie Mae I) or 50 days (under Ginnie Mae II) after the due date of
the last maturing pooled mortgage. The IR method must be used for manufactured home
pools or loan packages under both the Ginnie Mae I and Ginnie Mae II programs.
Follow the format specified in instruction 6 above for entering the date.
14. Enter the number from the listing of pre-assigned pool numbers obtained from Ginnie Mae. If the
pool is to be formed under Ginnie Mae I or is to be a custom pool under Ginnie Mae II, this
number will refer to the Issuer’s pool. If the pooled mortgages are to become part of a multiple
Issuer pool under Ginnie Mae II, this number will refer to the Issuer’s loan package number.
15. Enter type of issue using following codes:
Ginnie Mae I: X
Ginnie Mae II: Custom pool C
Ginnie Mae II: Multiple Issuer pool M
16. Enter the appropriate 2-letter code indicating program type: SF = Single-Family Level Payment;
FS = Single-Family Level Payment (FHASecure Initiative); BD = Buydown; AR, AT, AF, AS,
GINNIE MAE 5500.3, REV. 1
Date: 12/01/07 3 Appendix III-6
AX, AQ, RL, QL, TL, FL, FB, SL or XL = Adjustable Rate; GP or GT = Graduated Payment;
GA or GD = Growing Equity; SN = Serial Note; MH = Manufactured Home; PL = Project Level
Payment Loan; PN = Project Nonlevel Payment Loan; LM = Mature Project Loan; LS = Small
Project Loan; RX = Project Mark-to-Market Loan; CL = Construction Loan; CS = Construction
Loan-Split Interest Rate. PL, PN, LM, LS, RX, CL, CS, SN, and BD types are available only as
part of the Ginnie Mae MBS I program, while the following designations, AR, AT, AF, AS, AX
and AQ types are available only under the Ginnie Mae II MBS program.
17. Enter the principal and interest (P&I) custodial account number assigned by the financial
institution maintaining the Issuer’s accounts for the corresponding pool/loan package.
18. Enter the ABA/Federal Routing Number of the financial institution that maintains the Issuer’s
P&I custodial account(s) for the corresponding pool/loan package.
19. Enter the escrow custodial account number assigned by the financial institution maintaining the
Issuer’s account(s) for the corresponding pool/loan package.
19a-c. Enter the escrow custodial account number assigned by the financial institution maintaining the
Issuer’s account(s) for each special escrow custodial account, if any, that the Issuer is required to
maintain, including without limitation, any account that the Issuer must use for the deposit of
§ 203(k) funds, § 184 funds, buydown funds provided by the Issuer, or funds associated with
multifamily pools. The Issuer should indicate in writing above each special account number (19a,
19b or 19c) the nature of the funds that the escrow custodial account will be used for (e.g.,
“203(k),” “BD”).
20. Enter the ABA/Federal Routing Number of the financial institution that maintains the Issuer’s
escrow accounts for the corresponding pool/loan package.
20a-c. Enter the corresponding ABA/Federal Routing Number for escrow accounts entered in 19a, 19b
or 19c.
21. Enter the Issuer’s document custodian ID number assigned by the PPA for the corresponding
pool/loan package.
22. If applicable, enter the Ginnie Mae Issuer ID number of the subcontract servicer of mortgages in
the corresponding pool/loan package.
23. Entry needed only for “immediate pool issuance and transfer” transaction, in which case, enter
the Ginnie Mae Issuer ID number of the buying Issuer.
24. Enter the depository Participant designated to take delivery of the security position. List the
complete Participant’s name [and/or contra symbol.]
25. Enter any depository account information.
26. Blank for all issuances.
27. Blank for all issuances.
28. Enter total dollar amount of securities to be issued to each participant/subscriber. Follow the
format specified in instruction 12 above.
GINNIE MAE 5500.3, REV. 1
Date: 12/01/07 4 Appendix III-6
29. For all securities, no certificate will be delivered to the depository, and the Issuer should enter
“0”.
30. Enter the total amount of securities requested. The total amount shall be equal to the total unpaid
principal balance of the underlying pooled mortgages (without cents). The amount must be the
same as the amount listed in instruction 12 above.
31. Blank for all issuances.
32. Indicate the desired date of delivery of securities. Must conform with instructions in Section 12-6
of the Ginnie Mae MBS Guide.
If more than one page is required, complete this and the following sections on the last page only.
33. Signature of authorized officer whose name appears on Resolution of Board of Directors and
Certificate of Authorized Signatures, form HUD 11702.
34. Print or type the full name of the authorized officer signing at 33.
35. Print or type the title of the authorized officer signing at 33.
36. Signature of attesting officer whose name appears on Resolution of Board of Directors and
Certificate of Authorized Signatures, form HUD 11702 (Appendix I-2).
37. Print or type the full name of the authorized attesting officer signing at 36.
38. Print or type the title of the authorized attesting officer signing at 36.
39. Enter date of signature of authorized officers.
40. Affix corporate seal of Issuer. In those states where corporate seals are not recognized, Issuer
should type “No corporate seal required.”
Schedule of Subscribers and
Ginnie Mae Guaranty Agreement
U.S. Department of Housing and Urban Development
Government National Mortgage Association
OMB Approval No. 2503-0033 (Exp. 10/31/2019)
Public reporting burden for this collection of information is estimated to average less than a minute 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, Rev.1. The information collected will not be disclosed outside the Department except as required by law.
Purpose: This form authorizes the issuance of securities under the Ginnie Mae I and Ginnie Mae II programs and establishes the contract between the issuer and Ginnie Mae under both programs.
Authorization: Ginnie Mae is instructed to prepare and deliver the securities to be issued by the undersigned against the Ginnie Mae Pool/Loan Package number specified below in conformity with
the information provided in this form, which consists of ( ) pages.
See page 2 for Ginnie Mae I and Ginnie Mae II Guaranty Agreements.
Type or print all information requested. Where indicated by boxes, stay within the lines. Refer to Ginnie Mae Handbook 5500.3, Rev. 1 for detailed instructions.
Legal Name of Issuer Mailing Address of Issuer Pool Employer ID Number Issuer ID Number
Security Initial Guaranty Multiple Issuer Pool Number Original Aggregate Amount Type of Pool
Issue Date Index Security Rate Margin Payment Date Fee (if applicable) of Pool or Loan Pkg. Maturity Date Pool/Loan Pkg Number Issue Type
Principal and Interest (P&I) P & I Escrow Custodial Escrow Custodial Other Escrow Other Escrow Other Escrow Other Escrow
Custodial Account Number Bank ID Number Account Number Bank ID Number Account Number Bank ID Number Account Number Bank ID Number
Other Escrow Other Escrow Document Custodian’s Subcontract Servicer’s Ginnie Mae Immediate Pool
Account Number Bank ID Number ID Number Issuer No. (if applicable) Issuance & Transfer
Fed Member Number of Ginnie Mae Use only
Name of Subscriber/Participant Bank Information Certificates Denominations Total Subscribed Certificate Number
Federal Reserve Bank of New York
Total Total Approved for Issue:
Attest (Authorized Signature) Ginnie Mae Auth. Signature
Name of Individual or Organization Authorized to Take Delivery Specified date for Ginnie Mae Delivery of Certificates
Name
Federal Reserve Bank of New York
By (Authorized Signature) Name Title Title Date Date __________________________
Previous editions are obsolete; replaces HUD-11705-M Page 1 of 2 ref. Ginnie Mae Handbook 5500.3, Rev.1. form HUD-11705 (12/2007)
Ginnie Mae Guaranty Agreement: The Issuer, by executing this form, and Ginnie Mae, by approving the proposed issue, and for other good and valuable consideration the receipt and sufficiency of
which are hereby acknowledged, agree as follows: (1) the Issuer and Ginnie Mae contract for the issuance and guaranty of securities backed by the mortgages listed on the accompanying Schedule
of Pooled Mortgages, which form is incorporated herein by reference, and the Issuer hereby certifies to the accuracy of the information contained thereon; (2) the Issuer and Ginnie Mae incorporate
by reference, and the Issuer agrees to comply with, all of the terms and conditions of the Ginnie Mae Mortgage-Backed Securities Guide in effect as of the issue date specified above (Ginnie Mae
Handbook 5500.3, Rev.1, “the Guide”), and the Issuer acknowledges that it has received the complete text of the Guide and agrees that each of the Issuer’s existing pools and loan packages, whether
formed under the Ginnie Mae I MBS Program or the Ginnie Mae II MBS Program, shall be governed by the terms of such Guide; (3) the Issuer and Ginnie Mae incorporate by reference all of the
terms and conditions of the Guaranty Agreement included in the Guide for the pool type described above as of the issue date specified above and agree, further, that each of the Issuer’s existing
pools and loan packages, whether formed under the Ginnie Mae I MBS Program or the Ginnie Mae II MBS Program, shall be governed by the terms of the Guaranty Agreement that is included in the
Guide for that pool type as of the issue date specified above (which shall prevail over any inconsistent terms of the applicable Guide), and that the terms of any and all previously effective Guaranty
Agreements and Contractual Agreements shall be null and void and of no further effect in defining the rights and obligations of the Issuer and Ginnie Mae with respect to any pool that is currently the
responsibility of the Issuer; (4) the effective date of this form and Guaranty Agreement shall be the issue date specified above; and (5) pursuant to the Guide, the Issuer transfers, assigns, sets over
and otherwise conveys to Ginnie Mae all of the Issuer’s right, title, and interest in and to the pooled mortgages identified and described in the attached Schedule of Pooled Mortgages. Such transfer
shall be effective as of the date and time of delivery of the securities by Ginnie Mae or the CPTA, but shall include: (a) for each mortgage in a pool or loan package, except for IR pools or loan
packages, all scheduled payments due on or after the issue date, (b) for each mortgage in an IR pool or loan package, all scheduled payments due on or after the first day of the month prior to the
issue date, and (c) for each mortgage, all unscheduled payments received after the date on which the original principal balance of the pool or loan package was determined for purposes of this
Schedule.
Previous editions are obsolete; replaces HUD-11705-M Page 2 of 2 ref. Ginnie Mae Handbook 5500.3, Rev.1. form HUD-11705 (12/2007)
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FORM HUD 11705 - SCHEDULE OF SUBSCRIBERS AND: (Government National Mortgage Association)

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Completed 19 July 2020

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